The times required to check out customers in a supermarket and the corresponding values of purchases are

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The times required to check out customers in a supermarket and the corresponding values of purchases are shown in Table P-4. Answer parts a, b, e, and f of Problem 3 using these data. Give a point forecast and a 99% interval forecast for Y if X = 3.0.
The times required to check out customers in a supermarket

In Problem 3
a. Does a significant relationship exist between advertising expenditures and sales?
b. State the prediction equation.
e. State the amount of unexplained variation.
f. State the amount of total variation.

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Business Forecasting

ISBN: 978-0132301206

9th edition

Authors: John E. Hanke, Dean Wichern

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