Question: 3. Develop a linear regression equation to predict future demand from the following data: Demand 23 24 31 28 29 Year 2008 2009 2010 2011

3. Develop a linear regression equation to predict future demand from the following data: Demand 23 24 31 28 29 Year 2008 2009 2010 2011 2012 a. . Write the regression equation. b. Predict demand for 2015. c. Name the independent variable. d. Name the dependent variable Year 2008 2009 2010 2011 2012 2013 2014 2015 Period (x) 1 2 3 4 5 Demand (y) 23 1 24 4 9 28 16 29 25 sum of x2=55 31 23 96 279 448 725 8 Y= a + bx 3. Develop a linear regression equation to predict future demand from the following data: Demand 23 24 31 28 29 Year 2008 2009 2010 2011 2012 a. . Write the regression equation. b. Predict demand for 2015. c. Name the independent variable. d. Name the dependent variable Year 2008 2009 2010 2011 2012 2013 2014 2015 Period (x) 1 2 3 4 5 Demand (y) 23 1 24 4 9 28 16 29 25 sum of x2=55 31 23 96 279 448 725 8 Y= a + bx

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Develop a linear regression equation to predict future demand from the following data: Demand 23 24 31 28 29 Year 2008 2009 2010 2011 2012 a. Write the regression equation. b. Predict demand for...

You have just completed the first year of operation for your business and have the following information: sales, $200,000; cost of goods, $140,000, rent, $18,000, utilities, $8,400; insurance,...

Develop a linear regression equation to predict future demand from the following data: a. Write the regression equation. b. Predict demand for 2015. c. Name the independent variable. d. Name the...

World Trade Statistical Review 2022 World trade overview Trade in goods made a strong recovery in 2021, exceeding pre-pandemic levels, while services trade remained well below its 2019 value. Chart...

APStatistics 3.02 Looking at the Data Directions: Complete the assignment. Clearly label each answer. Your answers for this assignment must include reasons; simply stating the answer without...

Loans There may be many times in your life in which you will need to borrow money: paying for college, buying a car, buying a home, improving a home, paying for a wedding, etc. When borrowing money,...

I am struggling to write a method for my report Methods this is the Question: Provide the location of the study, with a site map if relevant, and describe the methods that you used to collect the...

WhatarethecashpaymentsassociatedwiththeSleepingBeauties?Whogetshowmuchandwhen,per$100ofbondsissued?Considerthefollowingdates:theissuedate,thedateofthefirst,second,etc.interestpayments,thematuritydate....

Finance Case 1. How would you describe Whole Foods strategy? 2. Prepare a competitor analysis. How would you define Whole Foods industry? Who are Whole Foods competitors? 3. How attractive is Whole...

Short-sellers are usually looking for stocks that are overvalued and will go down in price. Based on the attached Value Line sheets of the two stocks (Dennys and Cheesecake Factory), select and...

Dane Cosmetics is evaluating a new fragrancemixing machine. The machine requires an initial investment of $24,000 and will generate after-tax cash inflows of $5,000 per year for 8 years. For each of...

According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. This distribution of times follows the normal distribution and the...

American culture influences management style ( how your inter - act with your boss and co - workers ) in the U . S . What is one characteristic that might be called particularly American ?

A company s ethical code of conduct is not: Group of answer choices a set of rules that the company can enforce. an outline of the company s policies. law. a guide for the company s decision makers...

4.43 A notebook computer dealer mounts a new promotional campaign. Purchasers of new computers may, if dissatisfied for any reason, return them within 2 days of purchase and receive a full refund....

4.45 We have seen that, for a binomial distribution with n trials, each with probability of success P, the mean is as follows: mX = E3X4 = nP Verify this result for the data of Example 4.7 by...

4.40 In a scuba-diving center in Sipadan (Malaysia), the dive master has tried calculating the probability of encountering some very rare fish underwater. The following are the probabilities of...