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The monthly sales (in hundreds of dollars) of a company are listed below. Month Sales ($100s) January 12,354 February 13,657 March 14,536 April 13,478 May

The monthly sales (in hundreds of dollars) of a company are listed below.

Month Sales ($100s)
January 12,354
February 13,657
March 14,536
April 13,478
May 16,590
June 19,790
July 17,987
August 18,657
September 19,765
October 18,678
November 20,678
December 23,675

a. Construct a time series plot. What type of pattern exists in the data?

b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.

c. What is the sales forecast (in hundreds of dollars) for next month?

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