Question -
a. Evaluate the coefficients of a linear regression equation (i.e., the intercept and slope) for projecting the trend of NPM's annual receipts for 2000 to 2007. Provide a complete specification for the linear regression model. The specifications should include the equation of the model, with the values for the intercept and slope determined from the data, and a definition of the model's dependent and independent variables. Also include the model's standard error of estimate.
b. Evaluate the coefficient of correlation for the linear regression model.
c. Use the linear regression model determined in part (a) to forecast NPM's annual receipts for 2008, 2009, and 2010.