Question: Problem 3 - 2 7 ( Algo ) Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $ 1 6
Problem Algo
Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $ million each.
Sales for these NCMs for the past two years were as follows: Use Exhibit
a Find the equation of a simple linear regression line using Excel.
Note: Round your answers to decimal places.
b Compute trend and seasonal factor from a linear regression line obtained with Excel.
Note: Do not round Intermedlate caleulations. Round your answers to decimal places.
c Forecast sales for next year using the above seasonal factors.
Note: Do not round Intermedlate calculations. Round your answers to decimal places.
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