Identify and give a brief explanation of the:- i. Dependent variable ii. Independent variable b. Use simple linear regression to forecast annual demand for months 9 and 10 by using the tabular method to:- i. Derive the values for the intercept and slope. ii. Derive the linear regression equation. iii. Plot the linear regression line. iv. Develop a forecast of the clinic attendance for months 9 and 10.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
QUESTION 2
The number of patients coming to the Healthy Start Maternity clinic has been increasing steadily
over the past eight months. You are provided with some historical data as follows:
Month Clinic attendance (in thousands)
1 3.4
2 3.9
3 4.5
4 5.0
5 5.8
6 5.9
7 6.5
8 6.7
a. Identify and give a brief explanation of the:-
i. Dependent variable
ii. Independent variable
b. Use simple linear regression to
tabular method to:-
i. Derive the values for the intercept and slope.
ii. Derive the linear regression equation.
iii. Plot the linear regression line.
iv. Develop a forecast of the clinic attendance for months 9 and 10.
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