Purchase Solution

Regression for forecasting

Not what you're looking for?

Ask Custom Question

Using SPSS, MiniTab, or Excel and the data provided in the attached Excel spreadsheet see if sales (sales12x) is is influenced by the number of mailings (mail12x)and contacts( contacts)?

Explain any other correlations you may discover.

forcasting:

For all of the customers that have had no sales (zero) in the (sales12x) variable would increasing the number of mailings (mail12x) to these customers increase the number of sales? Why or why not? Can you predict the increase or decrease in sales and by how much?

Would assigning a sales rep (sales rep variable) to customers that have had no sales (sales12x) increase the number of sales? Why or why not? Can you predict the increase or decrease in sales and by how much?

Would assigning a sales rep and increase the number of mailings increase sales? Why or why not? Can you predict the increase or decrease in sales and by how much?

Show your work if possible.

Purchase this Solution
Solution Summary

The expert uses SPSS to influence the number of mails.The correlations are discovered.

Solution Preview

After Plotting the scatter plot between sales and contacts there doesnt seem to be a concrete relation between the 2.
The best estimate is :
y = 1.9784x2 + 818.82x
R2 = 0.4948 ( see chart ...

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
Recent Feedback
  • "Your explanation to the answers were very helpful."
  • "What does 1 and 0 means in the repair column?"
  • "Went through all of the formulas, excellent work! This really helped me!"
  • "try others as well please"
  • "Thank you, this helped a lot. I was not sure how to plug in those numbers to a formula. This was a great help. Now I have to figure out how to explain cost of capital is used in net present value analysis, and how cost of capital is used in net present value analysis. This stuff gets confusing."
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Why is the trend commonly thought to be the most important c

    How is the linear trend method related to linear regression? The linear trend method is related to linear regression because forecasting itself is linear regression with time as the predictor variable.

  • Forecasting techniques for linear regression

    The solution examines forecasting techniques for linear regression.

  • SWU forecasting case using POM

    Assume a linear regression forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of the POM software. 4.

  • Qualitative method, regression method, multiple equation method

    391718 Qualitative method, regression method, multiple equation method 1. Do you think that forecasting based on the arithmetical average of a given number of past data will be a correct forecasting for a business trend?

  • Analysis on 4 forecasting models using Excel

    ., which model provides the greatest degree of forecasting accuracy)? • 3-Month Moving Average Model • 3-Month Weighted Moving Average Model • Exponential Smoothing Model • Regression Model 2.

  • ABC Furniture Company Linear Regression

    Read this introductory resource: Forecasting for Business and Using Linear Regression (attached) Read Chapter 6, Regression Analysis pp. 159-166, in this resource: Chase, C. W. (2013).

  • Mean Absolute Deviation

    The result for linear regression can be found on the sheet "Linear Regression Model". All results are obtained by Excel.

  • Understanding Forecasting models as they apply to products

    are high in this method Forecasting Model for Electrical Power Usage: Causal regression forecasting models can be used to forecast electrical power usage.

  • Forecasting: prediction based on Regression equation

    204091 Forecasting: prediction based on Regression equation A regional power company has generated the following regression model for forecasting the total amount of electrical power used by its customers(In megawatt hours) each quarter.

  • Time Series Analysis

    14498 Time Series Analysis: Forecasting using Mean Absolute Deviation Using some historical data for the past 40 periods (see attachment) I need to make a forecast for the next 12 periods (periods 41 thru 52) using whatever is the best/most accurate of

View More Related Solutions