WORKED PROBLEMS 1. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all theu items. The following data for the year 2006 are for one such item, which is not seasonal Month Jan 15 Feb 11 Mar 14 Apr 17 May 10 Jun 18 Jul 16 Aug 19 Sales Use trend projection to estimate the relationship between time and sales (state the trend line equation in this problem). b. Calculate forecasts for Jan. 2007, Mar. 2007, and February 2008