Calculate regression; forecast sales
Not what you're looking for?
Tucson Machinery, Inc. manufactures numerically controlled machines, which sell for an average price of $0.50 million each. Sales for these NCMs for the past two years were as follows:
(see chart in attached file)
Quarter Quantity Quarter Quantity
I 12 I 16
II 18 II 24
III 26 III 28
IV 16 IV 18
a. Calculate regression equation
b. Forecast sale for the year 2000 and 2001
Purchase this Solution
Solution Summary
Discussion and computations provided.
Purchase this Solution
Free BrainMass Quizzes
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.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
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.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.