Determining the estimated annual unit sales

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Reference no: EM131004277

1	3,500,000	12,600,000
2	7,200,000	15,500,000
3	3,100,000	10,800,000
4	1,600,000	8,700,000
5	8,900,000	20,300,000
6	5,700,000	21,900,000
7	6,300,000	25,600,000
8	9,100,000	14,300,000
9	10,200,000	15,100,000
10	7,300,000	18,700,000
11	2,500,000	9,600,000
12	4,600,000	12,700,000
13	8,100,000	16,300,000
14	2,500,000	8,100,000
14	3,000,000	7,500,000
16	4,800,000	12,400,000
17	10,200,000	17,300,000
18	5,100,000	11,200,000
19	11,300,000	18,500,000
20	10,400,000	16,700,000

a) Based on these data, does it appear that the strength of the relationship between sales and promotional expenditure is sufficient to warrant using linear regression forecasting model? Explain your answer

b) If the company's promotional expenditure is found to be K19,000,000 what would be the estimated annual unit sales? Explain.

Reference no: EM131004277

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