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Please answer the R square and X Variable 1. Thanks Maeve Barton is the new manager of the materials storeroom for Taylor Manufacturing. Maeve has
Please answer the R square and X Variable 1.
Thanks
Maeve Barton is the new manager of the materials storeroom for Taylor Manufacturing. Maeve has been asked to estimate future monthly purchase costs for part \#696, used in two of Taylor's product Maeve has purchase cost and quantity data for the past 9 months as follows: (Click the icon to view the data for the past nine months.) Estimated monthly purchases for this part based on expected demand of the two products for the rest of the year are as follows: (Click the icon to view the expected demand for the rest of the year.) Data for last 9 months Requirement 3. After a few hours, Maeve's computer is fixed. Maeve uses the first nine months of data and red costs of part \#696. The regression line Maeve obtains is as follows: y=$2,520.4+3.57X Run a regression on the nine months of data using Microsoft Excel to determine the R Square and t Stat for the XXX. Expected demand for rest of the year
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