Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $ 0.5 million

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Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $ 0.5 million each. Sales for these NCMs for the past two years were as follows:

QUARTER QUANTITY (UNITs) QUANTITY (UNITS) QUARTER Last Year This Year 12 18 26 16 16 24 28 18 I3D II IV II IV

a. Find a line using regression in Excel.

b. Find the trend and seasonal factors.

c. Forecast sales for next year.

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Operations And Supply Chain Management

ISBN: 287

14th Edition

Authors: F. Robert Jacobs, Richard Chase

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Question Posted: Apr 09, 2014 08:05 AM

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Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $ 0.5 million

Question:

QUARTER QUANTITY (UNITs) QUANTITY (UNITS) QUARTER Last Year This Year 12 18 26 16 16 24 28 18 I3D II IV II IV

Step by Step Answer:

A to c Within Excel two methods can be used to compute the intercept and slope from a regression mod...View the full answer

Operations And Supply Chain Management

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