a. plot the data on a graph showing the trend b. determine the equation of the trend line c. predict sales for month 10 and 11.
a. plot the data on a graph showing the trend b. determine the equation of the trend line c. predict sales for month 10 and 11.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 2P: The file P13_02.xlsx contains five years of monthly data on sales (number of units sold) for a...
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Jean and Dinah had been in business for two years producing umbrellas to be sold to the cruise ship passengers when they docked. They found that they are constantly out of umbrellas and had to rush producions which has resulted in the increase of their production cost. Jean has a nephew who is enrolled in the UWIOC and he advised her to prepare
a. plot the data on a graph showing the trend
b. determine the equation of the trend line
c. predict sales for month 10 and 11.
Months | Sales |
1 | 44 |
2 | 52 |
3 | 50 |
4 | 54 |
5 | 55 |
6 | 55 |
7 | 60 |
8 | 56 |
9 | 62 |
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