A Company Selling Swimming Goggles Wants to Analyze the Company's

Essay

A company selling swimming goggles wants to analyze the company's Australian sales figures.
Time series forecasting with regression was used to generate Excel output to estimate trend of the time series of Swimming goggle sales (in thousands of dollars) where the origin is the March Quarter 2000. $\begin{array}{l}\text { SUMMARV OUTPUT }\\\hline\text { Regression Stotitics }\\\begin{array}{lc}\hline \text { Multiple R } & 0.37281 \\\text { R Square } & 0.13899 \\\text { Adjusted R } & \\\text { Square } & 0.12243 \\\text { StandardError } & 10.3925 \\\text { Observations } & 54\\\hline\end{array}\end{array}$

$\text { ANOVA }$
$\begin{array}{lccccc} \hline& & & & & \text { Sgnificance } \\& d f & S & M S & F & F \\\hline \text { Regression } & 1 & 906.5867925 & 906.59 & 8.39406 & 0.005497292 \\\text { Residual } & 52 & 5616.172467 & 108 & & \\\text { Total } & 53 & 6522.759259 & & & \\\hline\end{array}$

$\begin{array}{lcrrrrr}\hline&& \text { Standard } & & && \text { Upper } \\&\text { Coefficients } & \text { Error } & \text { t Stat } & \text {p-value } & \text { Lower } 95 \%& 95 \%\\\hline\text { Intercept } & 12.237 & 2.789633876 & 4.3866 & 5.6 \mathrm{E}-05 & 6.639227133 & 17.8348469 \\\mathrm{t} & 0.26289 & 0.090738795 & 2.8973 & 0.0055 & 0.080812368 & 0.4449738 \\\hline\end{array}$ (a) Forecast goggles sales for each quarter of 2016.
(b) Are these good predictions? Explain.