Regression and inventories Charlie's Cycles Inc. has exist80 million in sales. The company expects that its sales will increase 5% this year. Charlie's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows: Inventories = 14 + 0.1965 (Sales) a. Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year - end inventory level? Enter your answer in millions. For example, an answer of exist25,000,000 should be entered as 25. exist million b. What are your forecasts of the company's year - end inventory turnover ratio