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[All Steps] For budgeting purposes, the finance department at Blue Industries has asked the HR department to predict the number of new hires the company will

Question: For budgeting purposes, the finance department at Blue Industries has asked the HR department to predict the number of new hires the company will need in Q2 2012. Historical hiring data for new employees are provided in Table F7.

  1. Using mathematical symbols, specify the linear model that is most appropriate for predicting new hires.
  2. Analyze the data. Specify the analytical technique you used and managerially interpret the results. Predict the number of new hires for Q2 2012. Include Excel output to support your analysis.
  3. Graphically illustrate historical and future hiring patterns over time.

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