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    Using Regression Equation

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    MONTH NUMBER OF MOVES NUMBER OF LBS. MATERIAL HANDLING COST
    January $100 6,000 $2,000
    February $125 15,000 $3,090
    March $175 7,800 $2,780
    April $200 600 $1,990
    May $500 29,000 $7,500
    June $300 23,000 $5,300
    July $250 17,000 $4,300
    August $400 25,000 $6,300
    September $475 12,000 $5,600
    October $425 22,400 $6,240

    Questions:
    1) What is the regression equation if 'Number of Moves" is used as the predictor?
    2) How much does this equation explain about material handling costs?
    3) What is the regression equation if "Number of Lbs." is used as the predictor?
    4) How much does this equation explain about material handling costs?
    5) What is the multiple regression equation if both predictors are used?
    6) How much does this equation explain about material handling costs?
    7) If you were the firm's cost accountant, which equation would you use? Explain.

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    https://brainmass.com/statistics/regression-analysis/regression-equation-506022

    Solution Summary

    The solution discusses using the regression equation.

    $2.19

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