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1. Favors Distribution Company purchases small imported trinkets in bulk, packages
them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal.
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sales
18
19
17
21
20
19
20
23
a. Use trend projection to estimate the relationship between time and sales (state the
trend line equation in this problem).
b. Calculate forecasts for February 2007, April 2007, and February 2008
