Below you are given information on Jim's Hair Cut profit (in thousands) for the past 6 months. Use regression analysis to obtain an expression for the linear trend projection ŷ = ________.
Month | Sales |
1 | 2.52 |
2 | 3.08 |
3 | 2.96 |
4 | 3.14 |
5 | 3.21 |
6 | 2.99 |
Month(x) | Sale(y) | xy | X^2 | |
1 | 2.52 | 2.52 | 1 | |
2 | 3.08 | 6.16 | 4 | |
3 | 2.96 | 8.88 | 9 | |
4 | 3.14 | 12.56 | 16 | |
5 | 3.21 | 16.05 | 25 | |
6 | 2.99 | 17.94 | 36 | |
21 | 17.9 | 64.11 | 91 | Total |
3.5 | 2.9833 | Average |
Below you are given information on Jim's Hair Cut profit (in thousands) for the past 6 months. Use regression analy...