Question: The Outdoor Shop would like to develop an estimating equation for predicting sales of Scouts Brand sleeping bags.They feel that sales of sleeping bags are
The Outdoor Shop would like to develop an estimating equation for predicting sales of Scouts Brand sleeping bags.They feel that sales of sleeping bags are related to the number of newly registered boy scouts and girl scouts in the community. In the six past years the following data have been compiled:
| X? | X? | Y | |
| Year | New boy scouts | New girl scouts | Sales (units) |
| 2012 | 412 | 120 | 324 |
| 2013 | 316 | 126 | 289 |
| 2014 | 407 | 132 | 330 |
| 2015 | 418 | 189 | 370 |
| 2016 | 384 | 156 | 342 |
| 2017 | 393 | 207 | 384 |
- Develop the least squares estimating equation:
Y | X? | X? | X? Y | X? Y | X?X? | X? | X? | Y |
- In the fall of 2018, 312 new boy scouts have registered in the city's troops and 205 girl scouts have registered. How many sleeping bags should the Outdoor Shop expect to sell this year?


Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
