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$6.00 Carpet City wants to develops a means to forecast it carpet sale.The store mananger believes ...

Found in Mathematics: Statistics
Chapter 1, # 0

Q:

linear regressionn model

Carpet City wants to develops a means to forecast it carpet sale.The store mananger believes that the store's sale are directly related to the numer of new housing starts in town. The manager has gathered data from county records on monthly house construction permits and frome store records on monthly sales.

Monthly Carpet Sales 1,0000 yd          Monthly Construction Permit
5                                       21
10                                      35
4                                       10
3                                       12
8                                       16
2                                       9
12                                      41
11                                      15
9                                       18
14                                      26



Than the question ask me to develop a linear regression model for these data and forecast carpet sales if 30 construction permit for new homes are filed

Than the question asked to determine the strength of the casual relationship between monthly sales and new home construction by using correlation


Could you please tell how to solve this problem and I would like to understand the step necessary that it took you to solve this problem  

 

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