At a hydrocarbon processing factory process control involves periodic analysis of samples for a certain process quality
Question:
Management believes that if the numbers from the new procedure can be used to forecast reliably the corresponding numbers from the current procedure, switching to the new procedure would be reasonable and cost effective. The following data were obtained for the quality parameter by analyzing samples using both procedures:
a. Use linear regression to find a relation to forecast Y which is the quality parameter from the current procedure, using the values from the proposed procedure, X.
b. Is there a strong relationship between Y and X?Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Question Posted: