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.

Reviews

Write a Review

Management Theories Questions & Answers

  Describe three characteristics of entrepreneurial leadership

What are the four factors described in Porter's diamond of competitive advantage? How do the four factors explain why some industries in a given country are more successful than others?

  Swot elements of information

List at least four sources you will use to obtain information about the firm's strengths, weaknesses, opportunity, and threats. Discuss what categories of the SWOT elements of information are readily available on the internet? (When using Internet..

  Involved the condition of certainty

Give three examples of a "personal problem/ decision" that you have experienced: one that involved the condition of certainty, one that involved risk (subjective probability), and one that involved uncertainty.

  Integrate your knowledge about strategy

Integrate your knowledge about strategy and Smart Data. Do you believe that they complement each other? why or why not? What is the difference between a top down versus a bottom up strategy? why is it important to get top management buy in for import..

  Explain how would you evaluate the hco'' culture

Explain how would you evaluate the HCO''s culture? What measures show that the culture is effective? How would you identify opportunities for improvement in the culture?

  Why are processes important in terms of managing logistics

Why are processes important in terms of managing logistics?

  Propose two ways in which hr can and does deliver

Propose two ways in which hr can and does deliver value for its client organization.Write the entry as though you were targeting the chief executive office of a particular type of organization.

  Differentiate the different mobile payment systems

What are the key factors that differentiate the different mobile payment systems? Which factors do consumers care most about? Which factors do merchants care most about?

  What are the ethical implications of target marketing

What are the ethical implications of target marketing

  Guidelines for individual essay

This assessment task is designed to assist students to explore their own profession, as evidenced by their previous qualification, current or previous employment, e.g. accounting, law, teaching, medicine, so as to determine whether it is a true pr..

  Principles of scientific management

All of the following principles of scientific management, Except which one? Which of the following can best be seen in an organization that sets a tone of positivity, trust, and high expectations

  Describe the factors that impact the survival

Your essay response must be a minimum of 500 words in length, not counting references listed at the end or repeating of the question. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd