Develop a cost estimation equation for monthly production

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Question - Assume the Paul's Custom Print Shop has the following information on the number of sales orders received and order-processing costs.

Month     Sales Orders       Order-Processing Costs

Jan           450                    $6,000

Feb           225                    4,200

Mar           690                    9,750

Apr           420                    5,850

May          345                    4,800

Jun           150                    3,000

Jul            300                    4,500

a) Develop a cost estimation equation for monthly production costs using the regression method. You may use a statistics program to make the calculations or you may use the graph formatting function in Excel.

Reference no: EM131660952

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