Section C: Analytical Based Questions

Q7. The sales forecasting is critical for most activities of the firm. Justify your answer with diagrammatical representation and example.

Q8. JR Hamburgers has a chain of 10 stores in Metro Manila. Sales figures and profiles for the stores are giving in the following table. Obtain a regression for the data and predict profit for a store assuming sales of 30 million.

Sales x Million profit Y Million

15 6

17 8

21 11

18 10

19 12

22 14

16 9

17 10

25 16

20 12