Mop and Broom Manufacturing has tracked the number of units sold of its most popular mop over
Question:
Mop and Broom Manufacturing has tracked the number of units sold of its most popular mop over the past 24 months, as shown.
Month Sales Month Sales Month Sales 1 239 9 310 17 369 2 248 10 335 18 378 3 256 11 348 19 367 4 260 12 353 20 383 5 271 13 355 21 394 6 280 14 368 22 393 7 295 15 379 23 405 8 305 16 358 24 412
a. Develop a linear trend line for the data.
b. Compute a correlation coefficient for the data and evaluate the strength of the linear relationship.
c. Using the linear trend line equation, develop a forecast for the next period, month 25.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations Management An Integrated Approach
ISBN: 9781119905523
8th Edition
Authors: R. Dan Reid; Nada R. Sanders
Question Posted: