Question: Yellow Inc. is developing a forecasting model based on the perceived relationship between Sales and Marketing. Using the data below, apply the Linear Regression Method
Yellow Inc. is developing a forecasting model based on the perceived relationship between Sales and Marketing. Using the data below, apply the Linear Regression Method and calculate the parameter a. Parameter b is calculated as 1.51429. (Table shown in $ in thousands).
| Sales (Y) | Marketing (X) |
| 12 | 1 |
| 14 | 2 |
| 16 | 3 |
| 17 | 4 |
| 18 | 5 |
| 20 | 6 |
| a. 12.34 | ||
| b. 11.54 | ||
| c. 9.65 | ||
| d. 8.65 | ||
| e. 10.87 |
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