City government has collected the following data on annual


City government has collected the following data on annual sales tax collections and new car registrations over the past 7 years:

Years                                                      1           2       3        4        5       6

Annual Sales Tax Collections             1.0      1.4     1.9    2.0    2.1    1.8

(In Millions)

New Car Registrations                       10        12      15     16     14     20 

(In Thousands)

Determine the least squares regression equation.

What does a and b represent in the context this problem?

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Operation Management: City government has collected the following data on annual
Reference No:- TGS01267416

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