The I-85 Carpet Outlet wants to develop a means to forecast its carpet sales. The store manager
Question:
Monthly Carpet Sales Monthly Construction
(1000s yd) Permits
5 ...........17
12 .........30
6 ...........12
5 ...........14
8 ...........18
4 ...........10
14 .........38
9 ...........20
9 ...........16
16 .........31
a. Develop a linear regression model for this data and forecast carpet sale if 25 construction permits for new homes are filed.
b. Determine the strength of the causal relationship between monthly sales and new home construction using correlation.
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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