Consider the following time series data of sales per year:
Year Sales
1995 22.2
1996 23.0
1997 24.4
1998 25.8
1999 27.6
Enter these data in Excel and run the following regression:
Sales = Intercept + Slope * Year
Note that the Year is the independent variable and Sales is the dependent variable.
Develop a two tail test for the theory that the slope of the regression line is different from zero.