For a company the total defective products that were returned by customers is a function of...

 

Transcribed Image Text:

For a company the total defective products that were returned by customers is a function of the total units sold. The information for seven periods are presented below. Month 1 2 3 4 5 6 7 8 Unit sales (in 100,000) No. of units returned 24 32 21 19 28 27 30 35 479 500 452 439 488 490 501 ? (a) If the company sells 35 units (in 100,000s) in the next period 8, find the total number of products that will be returned. Use causal linear regression forecasting. For a company the total defective products that were returned by customers is a function of the total units sold. The information for seven periods are presented below. Month 1 2 3 4 5 6 7 8 Unit sales (in 100,000) No. of units returned 24 32 21 19 28 27 30 35 479 500 452 439 488 490 501 ? (a) If the company sells 35 units (in 100,000s) in the next period 8, find the total number of products that will be returned. Use causal linear regression forecasting.