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National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows: Month: Sales Feb 65 Mar 66 Apr 66

National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows:

Month:

Sales

Feb

65

Mar

66

Apr

66

May

71

Jun

72

Jul

72


Disregard the demand pattern of the given time series, You are asked to use the time series to derive a trend equation. In order to derive the trend equation is Ft = a + bt, you have to compute several components to compute the values for the variables a and b. Answer the following questions pertaining to information that are relevant to deriving the trend equation.

a) The Σty =

b) The Σy =

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