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Consider the following monthly revenue data for an up-and-comingtechnology company. Sales Data Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 11 325325 99

Consider the following monthly revenue data for an up-and-comingtechnology company.

Sales Data

Month

Revenue (Thousands of Dollars)

Month

Revenue (Thousands of Dollars)

11 325325 99 797797
22 547547 1010 819819
33 539539 1111 831831
44 580580 1212 848848
55 640640 1313 860860
66 699699 1414 863863
77 697697 1515 859859
88 708708

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

Regression Statistics

Multiple R

0.9354095720.935409572
R Square 0.8749910670.874991067
Adjusted R Square 0.8653749950.865374995
Standard Error 57.7879539357.78795393
Observations 1515

ANOVA

dfdf SSSS MSMS FF
Regression 11 303,864.914286303,864.914286 303,864.914286303,864.914286 90.9925679290.99256792
Residual 1313 43,412.81904843,412.819048 3339.4476193339.447619
Total 1414 347,277.733333347,277.733333

Coefficients

Standard Error

ttStat P-value
Intercept 443.92380952443.92380952 31.3995565931.39955659 14.1379005914.13790059 2.85887E-092.85887E-09
Month 32.9428571432.94285714 3.453490793.45349079 9.5390024599.539002459 3.10231E-073.10231E-07

Step1of3:

Write the estimated regression equation using the least-squares estimates forb0b0andb1b1. Round to four decimal places, if necessary.

Answer

Revenue=_______+ Month________

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