A Rendering Plant Wishes to Use the Data (Sales Records

question 43

Short Answer

A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
$$\begin{array} { | c | c | c | } \hline \text { Month } & \text { Sales } & \text { Pounds } \\\hline \text { Tanuary } & 45 & 54.3 \\\hline \text { February } & 57 & 63.8 \\\hline \text { March } & 32 & 39.5 \\\hline \text { April } & 44 & 49.8 \\\hline \text { May } & 51 & 52.3 \\\hline \text { Tune } & 34 & 39.9 \\\hline\end{array}$$
-What is the regression equation resulting from using Sales to forecast Pounds?

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Definitions:

Stem-And-Leaf Display

A graphical method of displaying quantitative data to assess its distribution, typically used in exploratory data analysis.

Percent Growth

A measure that indicates the percentage increase or decrease in a value or quantity over a specified time period.

Sales Growth

An increase in the amount of products or services sold by a company over a specific period, often expressed as a percentage.

Retail Chain

A network of retail outlets operated by the same company, offering the same or similar products or services.