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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. Last Year This Year Period 1 2 3 4 1 2 3 4 Next Year c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Period 1 2 Trend Forecast 3 4 Seasonal Factors Forecast (Units)

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. Last Year This Year Period 1 2 3 4 1 2 3 4 Next Year c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Period 1 2 Trend Forecast 3 4 Seasonal Factors Forecast (Units)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $10.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST QUANTITY QUARTER THIS (UNITS) 10 17 23 14 YEAR 1 2 3 4 Y = YEAR 1 2 + 3 4 a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 19 22 26 17 t
Transcribed Image Text:Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $10.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST QUANTITY QUARTER THIS (UNITS) 10 17 23 14 YEAR 1 2 3 4 Y = YEAR 1 2 + 3 4 a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 19 22 26 17 t
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. Last Year This Year Period Next Year 1 2 3 4 1 2 3 4 Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Period 1 2 3 4 Seasonal Factors Forecast (Units)
Transcribed Image Text: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. Last Year This Year Period Next Year 1 2 3 4 1 2 3 4 Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Period 1 2 3 4 Seasonal Factors Forecast (Units)
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