Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $ 0.5 million
Question:
Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $ 0.5 million each. Sales for these NCMs for the past two years were as follows:
a. Find a line using regression in Excel.
b. Find the trend and seasonal factors.
c. Forecast sales for next year.
Transcribed Image Text:
QUARTER QUANTITY (UNITs) QUANTITY (UNITS) QUARTER Last Year This Year 12 18 26 16 16 24 28 18 I3D II IV II IV
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A to c Within Excel two methods can be used to compute the intercept and slope from a regression mod...View the full answer
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Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
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