Question: questioni pom Apply regression to the data shown below. Month Sales January 1 100 February 2 200 March 3 150 April 4 400 May 5

questioni pom Apply regression to the data shown below. Month Sales January 1 100 February 2 200 March 3 150 April 4 400 May 5 300 June 6 200 July 7 250 August 8 350 September 9 400 October 10 350 November 11 400 December 12 550 The regression analysis output is shown below: Regression Statistics Multiple R 0.81772082 R Square 0.66866733 Adjusted R Square 0.63553407 The regression analysis output is shown below: Regression Statistics Multiple R 0.81772082 R Square 0.66866733 Adjusted R Square 0.63553407 Standard Error 77.716912 Observations 12 ANOVA df Regression Residual Total SS MS F Significance F 1 121892.4825 121892.5 20.18115 0.00115672 10 60399.18415 6039.918 11 182291.6667 Intercept Month Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 114.393939 47.83145288 2.391605 0.037855 7.81882089 220.9691 29.1958042 6.499014672 4.492343 0.001157 14.7150971 43.67651 What is the forecast for next January's sales?(choose the closest answer up to 1 decimal place) 1600

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 General Management Questions!

To more fully illustrate the options available in aggregate planning; we'll work a sample problem in spreadsheet format. Detailed instructions are given in the spreadsheet. Here is the problem we'll...

Demand for Quantum Corporation's action toy series follows a seasonal pattern as shown below: Month Demand (cases) January 1000 February 200 March 200 April 400 May 400 June 500 July 900 August 400...

linux Using the following data file (delimited by a space or tab) named (section9.4.input) November 400 January 200 June 400 March 200 April 200 May 300 July 400 August 300 September 400 February 300...

Linux using PuTTY Using the following data file (delimited by a space or tab) named (section9.4.input) November 400 January 200 June 400 March 200 April 200 May 300 July 400 August 300 September 400...

Management of the Jackson Manufacturing Corporation wishes to choose a statistical forecasting method for forecasting total sales for the corporation. Total sales ( in millions of dollars ) for each...

fill in the blanks that's all the worksheet offers ( thats all 4 parts ) Quantum Corporation Aggregate Plan Production Reg. Wage Rate Rate Hiring Cost (units/wkr) 100 (S/case) 10 (S/wkr) 1000...

Quantum Corporation Aggregate Plan Production Rate (units/wkr) 100 Reg. Wage Rate ($/case) 10 Hiring Cost ($/wkr) 1000 Overtime limit (units) 300 Overtime Wage Rate ($/case) 15 Firing Cost ($/wkr)...

TF The total cost of hirings = $ (Enter your response as a whole number.) The total cost of layoffs = (Enter your response as a whole number.) The total inventory carrying cost = S (Enter your...

The following data shows the value of food and beverage sales ($1,000s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida. Month First Year...

What are the major purposes served by an after-the-fact project evaluation?

Vanna Boogie likes to have large parties. She also has a strong preference for having exactly as many men as women at her parties. In fact, Vannas preferences among parties can be represented by the...

According to the Put - Call Parity relationship, a long position on a Put option of a stock can be synthy to ) a A position on a Call on the same stock plus a long position on a pure discount Bond...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...