Answered step by step
Verified Expert Solution
Question
1 Approved Answer
LINEAR REGRESSION CASE A manufacturer asks you for analysis, using the Linear Regression Technique, to observe the behavior of some of its Final Products. NOTE
LINEAR REGRESSION CASE
A manufacturer asks you for analysis, using the Linear Regression Technique, to observe the behavior of some of its Final Products.
- NOTE 1: Present all the steps to make the analysis efficient and effective.
- NOTE 2: Sales with Index 1, Sales with Index 2, Sales with Index 3.
Once solved, a report should be written with the following steps
Step #1: Presentation of the data.
Step #2: Graphing.
Step #3: Analysis of the graph.
Step #4: Least Squares Method.
Step #5: Calculation of constants.
Step #6: Presentation of the Linear Equation.
Step #7: Application of the Correlation Coefficient.
For this purpose, the following table is presented:
Year | Sales | Index 1 | Index 2 | Index 3 |
1 | 12,000 | 100 | 114 | 99 |
2 | 22,500 | 108 | 116 | 108 |
3 | 23,100 | 114 | 108 | 115 |
4 | 14,800 | 104 | 104 | 106 |
5 | 11,100 | 105 | 108 | 104 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started