Compute the exact values of the intercept a and the slope b

Assignment Help Management Theories

Reference no: EM131463087

Question: Shoreline Park in Mountain View, California, has kept close tabs on the number of patrons using the park since its opening in January 1993. For the first six months of 2013, the following figures were recorded:

Month Number of Patrons

January 130

February 183

March 285

April 640

May 1,876

June 2,550

a. Draw a graph of these six data points. Assume that January = period 1, February = period 2, and so on. Using a ruler, "eyeball" the best straight-line fit of the data. Estimate the slope and intercept from your graph.

b. Compute the exact values of the intercept a and the slope b from the regression equations.

c. What are the forecasts obtained for July through December 2013 from the regression equation determined in part (b)?

d. Comment on the results you obtained in part (c). Specifically, how confident would you be about the accuracy of the forecasts that you obtained?

Reference no: EM131463087

Questions Cloud

Particular aspect of the wal-mart supply chain : If you are not aware of a supply chain, then describe how a particular aspect of the Wal-Mart supply chain could be enhanced.

Define collaboration and how you will apply it in course : Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.

Important indicators of the health of the economy : What four measures are the most important indicators of the health of the economy?

Explain how globalization change have impact the corporation : Assess how globalization and technology changes have impacted the corporation you researched. How each category of stakeholder impacts the overall success?

Compute the exact values of the intercept a and the slope b : Shoreline Park in Mountain View, California, has kept close tabs on the number of patrons using the park since its opening in January 1993.

Global business information technology considerations : Today, many more organizations leverage worldwide opportunities by becoming global organizations. Going global opens doors to markets and services

Identify two operational challenges that face cargill : Please identify two operational challenges that face Cargill in doing business globally

Create a header in the header field labeled database : Create an automatic sort by applying a filter to each column so your data can be viewed in different ways.

Essay about the song hosanna by hillsong : Essay about the song Hosanna by Hillsong - All of the needs to be included in the 1 page essay regarding the music mentioned.

User Account

All Pages