Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 123456 Units 14 11 16 10 12 15 78 Total Etching Cost $ 27 20 30 20 25 28 $ 150 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a +bX.

Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] George Caloz \& Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. xercise 5A.5 Part 2 (Algo) - Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. b. Express these estimates in the form Y=a+bX