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Consider the following monthly revenue data for an up-and-coming cyber security company. Sales Data Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 1

Consider the following monthly revenue data for an up-and-coming cyber security company.

Sales Data
Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars)
1
326
10
816
2
552
11
827
3
535
12
846
4
571
13
850
5
636
14
849
6
685
15
854
7
700
16
867
8
705
17
875
9
787
18
881

The summary output from a regression analysis of the data is also provided.

Regression Statistics
Multiple R 0.918354253
R Square 0.843374534
Adjusted R Square 0.833585442
Standard Error 63.3992952
Observations 18

Regression 1
346,295.581011
346,295.581011
86.15452451
Residual 16
64,311.530100
4019.470631
Total 17
410,607.111111

Stat P-value
Intercept 477.24183007
31.17737714
15.30731171
5.63495E-11
Month 26.73477812
2.880298772
9.28194616
7.66663E-08

Step 3 of 3 :

What percent of the variation in revenue is explained by the linear time trend model? Round to two decimal places, if necessary.

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