Question
Being able to predict the daily demand of sandwiches would reduce the amount of discarded food at the end of the day. You and your
Being able to predict the daily demand of sandwiches would reduce the amount of discarded food at the end of the day. You and your team created a theory that high volume days would begin busy and low volume days would begin slow. Since 12 p.m. is your highest volume hour, you decided to compare the 12 p.m. volume with the daily volume to test your theory.
You pulled historical data showing the 12 p.m. volume and the total daily volume.
Please use theRegression Analysis DataUse Excel to run a regression analysis and answer the following questions.
Date | 12 p.m. Sales | Daily Sales |
1-May | 130 | 587 |
2-May | 124 | 568 |
3-May | 112 | 507 |
4-May | 130 | 588 |
5-May | 137 | 621 |
6-May | 112 | 501 |
7-May | 141 | 640 |
8-May | 123 | 558 |
9-May | 121 | 544 |
10-May | 112 | 499 |
11-May | 139 | 635 |
12-May | 131 | 591 |
13-May | 134 | 610 |
14-May | 149 | 677 |
15-May | 133 | 606 |
16-May | 115 | 531 |
17-May | 148 | 671 |
18-May | 129 | 597 |
19-May | 155 | 714 |
20-May | 131 | 596 |
21-May | 125 | 567 |
22-May | 125 | 563 |
23-May | 119 | 532 |
24-May | 143 | 649 |
25-May | 132 | 597 |
26-May | 120 | 550 |
27-May | 141 | 633 |
28-May | 114 | 519 |
29-May | 119 | 539 |
30-May | 138 | 628 |
31-May | 147 | 674 |
1-Jun | 129 | 591 |
2-Jun | 132 | 600 |
3-Jun | 150 | 679 |
4-Jun | 134 | 616 |
5-Jun | 139 | 630 |
6-Jun | 105 | 484 |
7-Jun | 135 | 609 |
8-Jun | 148 | 682 |
9-Jun | 124 | 558 |
1. What is the R-squared of the Regression Analysis?
2. What is your predicted daily volume if you only have 90 sales at the 12 p.m. hour?
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