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You work for a company in the marketing department. Your manager has tasked you with forecasting sales by month for the next year. You notice
You work for a company in the marketing department. Your manager has tasked you with forecasting sales by month for the next year. You notice that over the past 12 months sales have consistently gone up in a linear fashion, so you decide to run a regression the company's sales history. If 10 months are sampled and the regression output is given below, report the regression equation. Predictor Coof Stdev t ratio Constant 641.370 52-7676 12.15 cime 1.024 7.9501 0.23 0. 8213 5 - 10.031 R-aq = 0. 654 R-aq(adj) = -11.76% Analysis of Variance SOURCE DF 55 F P Regression 1 182. 1 182. 1 0. 05 0- 8213 Error 27688. 6 3461. 1 Total 27870-7 1) (sales) = 1.824*(time) + 641.378 2) (sales) = 1.824*(time) 3) (time) = 641.378*(sales) + 1.824 4) (sales) = 641.378*(time) + 1.824 5) (time) = 1.824*(sales) + 641.378
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