Question: A hydrocarbon processing factory needs to forecast the demand for their products. The demand is understood to be related to awareness campaigning. The following
A hydrocarbon processing factory needs to forecast the demand for their products. The demand is understood to be related to awareness campaigning. The following tables shows four months data. Find the Slope given the value of the Pearson's correlation Coefficient r is 0.8. Awareness Campaigning (thousands of $) 101 150 200 127 Sales (thousands of units) 11 25 30 25
Step by Step Solution
3.42 Rating (152 Votes )
There are 3 Steps involved in it
To find the slope we first need to calculate the standard deviations of both the ... View full answer
Get step-by-step solutions from verified subject matter experts
