Favors Distribution Company Purchases Small Imported Trinkets in Bulk,packages Them,and

question 21

Essay

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 their items.The following data are for one such item,which is not seasonal.
a.Use trend projection to estimate the relationship between time and sales (state the equation).
b.Calculate forecasts for the first four months of the next year.

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Definitions:

Causation

The action of causing something, establishing a relationship where one event is the result of another.

Corporal Punishment

A disciplinary method involving the use of physical force with the intention of causing a child to experience pain, but not injury, for the purposes of correction or control.

Criminal Behavior

Actions that violate laws and are punishable by the state or other authority.

Correlation

A statistical measure that describes the extent to which two variables change together, but does not necessarily imply causation.