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B) Consider the following annual sales data for 2001-2008: Year 2001 2002 2003 2004 2005 2006 2007 2008 Sales 2 4 10 8 1
Posted: Wed Jul 06, 2022 6:06 am
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- B Consider The Following Annual Sales Data For 2001 2008 Year 2001 2002 2003 2004 2005 2006 2007 2008 Sales 2 4 10 8 1 1 (28.71 KiB) Viewed 13 times
B) Consider the following annual sales data for 2001-2008: Year 2001 2002 2003 2004 2005 2006 2007 2008 Sales 2 4 10 8 14 18 17 20 i. Use the linear regression method and determine the estimated sales equation. (8 marks) Calculate the coefficient of determination. (5 marks) ii. iii. Calculate the correlation coefficient. (2 marks)