Question
The following table includes the prices over the last six months for a material that you purchase. May Jun Jul Aug Sep Oct $25.10
The following table includes the prices over the last six months for a material that you purchase. May Jun Jul Aug Sep Oct $25.10 $25.71 $26.00 $26.55 $27.26 $27.58 Are the prices a.) increasing or b.) decreasing over time on average? (input a or b) What is the linear forecast for the future month of December? Round to the nearest cent (2 decimal places and do not include $) What is the forecasted average change in price per month? Round to the nearest cent (2 decimal places and do not include $)
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
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