Question: Using the following chart:
|
Year
|
Orders unisex
raincoats
|
|
2001
|
150
|
|
2003
|
158
|
|
2005
|
165
|
|
2007
|
180
|
|
2009
|
195
|
|
2012
|
207
|
|
2014
|
215
|
|
2015
|
222
|
a) Compute the projected demand for unisex raincoats for 2016 assuming it will rain using the least squares trend equation. You must show the formulas used and all calculations.
b) Kim wants to know the error related to the projected number of riders ordering unisex raincoats. Calculate the standard error of the regression computed in part a and the standard error to project a probability for a range of jerseys ordered. You must show all the formulas used and all calculations.