Question: Please answer all question part on excel The following table contains the demand from the last 12 months: Quarter Sales 1 600 2 1550 3
Please answer all question part on excel
The following table contains the demand from the last 12 months:
| Quarter | Sales |
| 1 | 600 |
| 2 | 1550 |
| 3 | 1800 |
| 4 | 2100 |
| 5 | 2400 |
| 6 | 3100 |
| 7 | 2600 |
| 8 | 2905 |
| 9 | 3800 |
| 10 | 4500 |
| 11 | 4100 |
| 12 | 4900 |
a. Please use simple linear regression to forecast the next 4 quarter demand. [You need to generate the regression report and calculate the next 4 forecasting quarters demand]
b. Please write down the linear regression model.
c. Based on the simple linear regression results, please answer the following questions: 1) What % of the variation in the data is explained by the model? 2) Is there a significant relationship between demand and quarter (significance level =0.05)? (yes or no)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
