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You work for a company in the marketing department. Your manager has tasked you with forecasting sales lay month for the next year. You notice
You work for a company in the marketing department. Your manager has tasked you with forecasting sales lay month for the next year. You notice that over the past 12 months sales haye consistently gone up in a linear fashion. so you decide to run a regression the company's sales history. You find that the regression equation for the data is [sales] = 63.13*[time] + 199.21 In 11 months you see the actual sales quantity was 424.15- What is the residual? O 1} 413.15 0 2} 931? O 3} 524.55 0 4} 524.55 0 5} 413.15
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