according to table in the image answer the following? Using "Least Squares Method", "b" the slope of the regression line is equal to * 19.9 1.99 4.102 None of the answers. 1.204 "a" y-axis intercept is equal to * None of the answers. 83.513 38.518 26.40 62.04 ? ̂ equation is written as: * 48.518 + 4.102X 62.04 + 1.99X 6.04 + 10.7X None of the answers. 38.518 + 1.204X The forecast of the "first month" of next year is equal to * 89.88 87.95 78.92 None of the answers. 91.99 The forecast of the "second month" of next year is equal to * 68.51 89.9 98.88 56.12 None of the answers.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
according to table in the image answer the following?
![Tech manufacturing company purchases small, imported electric appliances in bulk,
packages them, and sells them to retail stores. The managers are conducting an
inventory control study of all their items. The following data are for one such item,
which is not seasonal.
1
2
4
5
6 7
8
10
11
12
Jan Feb
Oct
Mar
74
Apr
76
May Jun Jul Aug
60
Month
Sep
Nov
Dec
Sales
50
65
87
76
96
77
98
58
83](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe798bf5d-3d9a-499f-9083-89e7b89d7916%2F9eeaec12-9b97-4c7c-9bef-e6ff9dfee7fe%2Fs1k58a_processed.png&w=3840&q=75)
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