Tucson Machinery, Incorporated manufactures numerically controlled machines, which sell for an average price of $0.5 million...
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Tucson Machinery, Incorporated manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: LAST YEAR QUANTITY QUARTER (UNITS) 1234 Y= 14 20 28 18 Last Year This Year QUARTER 56780 THIS YEAR 8 a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 18 26 + 30 16 b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Period 1 2 3 4 5 6 7 8 t Trend Forecast Seasonal Factors c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Next Year Period 9 10 11 12 Forecast (Units) Tucson Machinery, Incorporated manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: LAST YEAR QUANTITY QUARTER (UNITS) 1234 Y= 14 20 28 18 Last Year This Year QUARTER 56780 THIS YEAR 8 a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 18 26 + 30 16 b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Period 1 2 3 4 5 6 7 8 t Trend Forecast Seasonal Factors c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Next Year Period 9 10 11 12 Forecast (Units)
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a Using the given sales data I obtained the following linear regression equatio... View the full answer
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Posted Date:
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