Question: Using the data in Table 611, answer the following: a. What is the slope? b. What is the intercept? c. Write the regression equation. d.
Using the data in Table 611, answer the following: a. What is the slope? b. What is the intercept? c. Write the regression equation. d. Calculate a regression forecast for month 25.

TABLE 6-11 Actual Sales Data Time Period Actual Sales ($000) 1 MALO OOO 445 478 525 660 570 600 632 648 690 725 750 10 11 12 the data in Table 6-11, answer the following: hat is the slope? hat is the intercept? rite the regression equation. lculate a regression forecast for month 25. nave just completed the first year of operation for you he following information: sales, $200,000; cost of go $18,000; utilities, $8,400; insurance, $2,000; equipme st, $10,000. Your forecast indicates that your sales wil rcent. Your rental agreement provides for a 3 percent You read an article indicating that utility costs in your se by 10 percent next year. You just received a notice that your quarterly premium is a 1 TABLE 6-11 Actual Sales Data Time Period Actual Sales ($000) 1 MALO OOO 445 478 525 660 570 600 632 648 690 725 750 10 11 12 the data in Table 6-11, answer the following: hat is the slope? hat is the intercept? rite the regression equation. lculate a regression forecast for month 25. nave just completed the first year of operation for you he following information: sales, $200,000; cost of go $18,000; utilities, $8,400; insurance, $2,000; equipme st, $10,000. Your forecast indicates that your sales wil rcent. Your rental agreement provides for a 3 percent You read an article indicating that utility costs in your se by 10 percent next year. You just received a notice that your quarterly premium is a 1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
