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13 A company believes that the monthly sales of one of its products are related to the amount spent on advertising during the previous month. It records monthly sales and advertising spend in the preceding month and obtains the data given below. Sales (£m) Advert. prev. month (£000s) 50 51 60 65 45 49 55 1.00 1.02 1.30 1.45 1.20 1.08 1.25 (a) Determine the regression equation for sales upon advertising (b) What value do you predict for next months sales if advertising this month is (i) £40 000 (i) £80 000. Do you have any reservations with your answers?

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