Regression Analysis - Operational Management
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This is a problem #12, chapter 9 - Regression Analysis, from the textbook by Cliff Ragsdale, "Spreadsheet Modeling and Decision Analysis".
This problem requires the use of Excel and the add-in, called Solver. The course is Excel-based and Solver is the optimization application used for all problems. Scatter plot of the data needs to be prepared.
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Solution Summary
The solution provides step by step method for the calculation of regression model in operations management . Formula for the calculation and Interpretations of the results are also included.
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