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Date Trend Volume Jun-95 1 5.42 Jul-95 2 9.89 Aug-95 3 10.62 Sep-95 4 9.57 Oct-95 5 3.34 Nov-95 6 6.35 SUMMARY OUTPUT Regression Statistics

Date Trend Volume
Jun-95 1 5.42
Jul-95 2 9.89
Aug-95 3 10.62
Sep-95 4 9.57
Oct-95 5 3.34
Nov-95 6 6.35
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.5972045
R Square 0.356653215
Adjusted R Square 0.354079828
Standard Error 2.375341372
Observations 252
ANOVA
df SS MS F Significance F
Regression 1 781.9753866 781.9753866 138.5929111 0.0000
Residual 250 1410.561659 5.642246636
Total 251 2192.537046
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 6.656032775 0.300157769 22.17511409 0.0000 6.064872531 7.247193019
Trend 0.024215295 0.002056929 11.77254905 0.0000 0.020164177 0.028266414

given the data above, Trend as an independent variable and volume of sales of rice as a dependent variable, how can we comment on the findings? or how can we interpret the regression analysis outcome?

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