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ABC Company reports their earnings and expenses data from the years 2004 to 2018 as shown in the table. Use Linear Forecasting and regression
ABC Company reports their earnings and expenses data from the years 2004 to 2018 as shown in the table. Use Linear Forecasting and regression to calculate the expense value in the year 2021. Years Earnings Expenses 2004 $12,340.00 $13,005.00 2006 $11,010.00 $9,257.50 2008 $14,680.00 $11,010.00 2010 $18,350.00 $14,762.50 2012 $22,020.00 $16,515.00 2014 $25,690.00 $19,267.50 2016 $29,360.00 $22,020.00 2018 $33,080.00 $29,810.00 2021 $25,000.00 ?????? Required: Calculate the correlation between the known Earnings and Expenses Calculate the R-Squared between the known Earnings and Expenses Calculate the slope of the linear regression line between known Earnings and Expenses Calculate the intercept of the linear regression line between known Earnings and Expenses The full regression equation is: Expenses = Forecasted Expense in 2021 (Earnings) +
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