HELP!!!
The Calculator Company (TCC) needs to estimate its sales revenuefor next year for its most popular line of calculator. The mostrecent 12 years of revenue data for the company’s popular line ofcalculators is provided below. In addition, the total industrysales revenue for the comparable calculators is also provided.
Year
TCC Sales Revenue (in millions)
Industry Sales Revenue (in billions)
Year
TCC Sales Revenue (in millions)
Industry Sales Revenue (in billions)
1
$46.7
$6.1
7
$101.2
$16.0
2
59.3
11.4
8
100.8
16.0
3
74.2
12.8
9
104.5
16.5
4
77.9
10.5
10
107.3
18.0
5
85.1
15.3
11
109.1
19.1
6
98.0
14.4
12
108.5
18.9
Your work must reflect the correct independent anddependent variables based on the problem statements. This is partof the solution that is required.
a) It is believed that TCC’s sales revenue changes with time.Develop a linear regression model that
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