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The following table contains the demand from the last 12 months: Quarter Sales 1 600 2 1550 3 1800 4 2100 5 2400 6 3100

The following table contains the demand from the last 12 months:

Quarter Sales
1 600
2 1550
3 1800
4 2100
5 2400
6 3100
7 2600
8 2905
9 3800
10 4500
11 4100
12 4900

a. Please use simple linear regression to forecast the next 4 quarter demand. [You need to generate the regression report and calculate the next 4 quarters' forecasting demand]

b. Please write down the linear regression model.

c. Based on the simple linear regression results, please answer the following questions: 1) What % of the variation in the data is explained by the model? 2) Is there a significant relationship between demand and quarter (significance level =0.05)? (yes or no)

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