Develop a simple linear regression equation to forecast annual sales. For this? regression, the dependent? variable, Y,
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Develop a simple linear regression equation to forecast annual sales. For this? regression, the dependent? variable, Y, is the demand in each year and the independent? variable, X, is the index for the year? (i.e., X = 1 for year? 1, X = 2 for year? 2, and so on until X = 5 for year? 5).The regression is given by the equation Y= __+__X (round to one decimal place)
Additional data on the monthly sales of 10-ounce shampoo bottles for the past 5 years is below:
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Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
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