Thirteen students entered the business program at Sante Fe College 2 years ago. The following table indicates what each student scored on the high school SAT math exam and their​ grade-point averages​ (GPAs) after students were in the Sante Fe program for 2 years.                                                                                                                              Student A B C D E F G SAT Score 421 377 590 693 612 388 412 GPA 2.93 2.90 3.00 3.48 3.66 2.91 2.12 Student H I J K L M   SAT Score 484 729 501 610 712 366   GPA 2.56 3.24 2.01 2.73 3.88 1.60   Part 2 ​a) The​ least-squares regression equation that shows the best relationship between GPA and the SAT score is ​(round your responses to four decimal ​places)​:                                                 y ​= enter your response here ​+ enter your response herex   where y ​= GPA and x​ = SAT score.

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.