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Consider the data in the table below: Period January June July December January June July December January June July December January June July December January
Consider the data in the table below:
Period
January June July December January June July December January June July December January June July December January June July December
a Fit a simple linear regression to this period?
Sales units
data. What is your forecast for the JanuaryJune b Now divide the data into two sets: the first half of the year, and the second half of the year. Perform a simple regression on the data for sales in the first halfyear. What is your forecast for the JanuaryJune period? Do you think this answer is more likely to be accurate than the answer to part a Why?
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