Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the pastyear. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safetylaws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows:DEMAND (UNITS)4,1304,230MONTHJanuaryFebruaryMarch3,9304,3304,9304,6305,2304,8305,3305,6306,2305,930AprilMayJuneJulyAugustSeptemberOctoberNovemberDecembera. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow thegeneral format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.)MonthForecastJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

Regression Model (Linear): Let Y = a + bx be the Liner Regression Equation. Y= Forecast, b is the…

DEMAND (UNITS) 4,130 4,230 3,930 4,330 4,930 4,630 5,230 4,830 5,330 5,630 MONTH January February March April Мay June July August September October November 6,230 December 5,930 Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreads

DEMAND (UNITS) 4,130 4,230 3,930 4,330 4,930 4,630 5,230 4,830 5,330 5,630 MONTH January February March April Мay June July August September October November 6,230 December 5,930 Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreads

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past
year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety
laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows:
DEMAND (UNITS)
4,130
4,230
MONTH
January
February
March
3,930
4,330
4,930
4,630
5,230
4,830
5,330
5,630
6,230
5,930
April
May
June
July
August
September
October
November
December
a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the
general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Month
Forecast
January
February
March
April
May
June
July
August
September
October
November
December

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