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Rubax, a U.S. manufacturer of athletic shoes, estimates the following linear trend model for shoe sales. Is there sufficient statistical evidence of an upward trend
Rubax, a U.S. manufacturer of athletic shoes, estimates the following linear trend model for shoe sales.
- Is there sufficient statistical evidence of an upward trend in shoe sales?
- Do these data indicate a statistically significant seasonal pattern of sales for Rubax shoes? If so, what is the seasonal pattern exhibited by the data?
- Using the estimated forecast equation, forecast sales of Rubax shoes for 2014(III) and 2015(II)
- How might you improve this forecast equation?
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