Develop a linear regression model for the following data and forecast carpet sales if 30 constructio
Question: Develop a linear regression model for the following data and forecast carpet sales if 30 construction permits for new homes are filed. Determine the strength of the causal relationship between monthly sales and new home constructing using correlation.
MONTHLY CARPET MONTHLY CONSTRUCTION
SALES (1,000 YD) PERMITS
5 2110 35
4 10
3 12
8 16
2 9
12 41
11 15
9 18
14 26
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Solution: The answer consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
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