Purchase Solution

# Forecasting using Regression Analysis

Not what you're looking for?

Jasper Furnishings has \$300 million in sales. The company expects that its sales will increase 12% this year. Jasper's CEO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is: Inventories = \$25 + 0.125 (sales)
Given the estimated sales forecast and the estimated relationship between inventories and sales, what is your forecast of the company's year-end inventory turnover ratio?

##### Solution Summary

This solution provides example of Jasper Furnishing in forecasting of turnover ratio using regression analysis given estimated sales.

##### Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

##### Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

##### MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

##### Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

##### Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.