Question
using excel, show formulas Question 5: SSR is also the leading aftermarket wheel rim manufacturer. Develop a predictive model using linear regression for the demand
using excel, show formulas
Question 5:
SSR is also the leading aftermarket wheel rim manufacturer. Develop a predictive model using linear regression for the demand for SSR's aftermarket rims based on the sales of off-road trucks.
| Month | Truck Sales (000's) | Demand for SSR Rims (000's) |
| Jan | 8 | 2 |
| Feb | 11 | 2 |
| Mar | 9 | 5 |
| Apr | 11 | 9 |
| May | 8 | 5 |
| Jun | 10 | 4 |
| Jul | 12 | 8 |
| Aug | 9 | 4 |
| Sep | 7 | 3 |
| Oct | 7 | 2 |
| Nov | 10 | 6 |
| Dec | 8 | 2 |
Required:
- Develop the equation (show all your work).
- What is the coefficient of correlation for this data?
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Business and Administrative Communication
Authors: Kitty o. locker, Donna s. kienzler
10th edition
77830105, 978-0077830106, 978-0073403182
