Demand for oil changes at? Garcia's Garage has been as? follows:
Month Number of Oil Changes
January 38
February 41
March 49
April 48
May 54
June 56
July 58
August 69
Use simple linear regression analysis to develop a forecasting model for monthly demand. In this? application, the dependent? variable, Y, is monthly demand and the independent? variable, X, is the month. For? January, let Xequals ?1; for? February, let Xequals ?2; and so on.
The forecasting model is given by the equation Y= ___ + ____ X. ?(Enter your responses rounded to two decimal? places.)