How many batches per year should be produced

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Reference no: EM132251288

Assignment - Introduction to Multiple Regressions

The Cardata.xlsx file provides the following information for 392 car models:

Cylinders
Displacement
Horsepower
Weight
Acceleration
Miles per gallon

Determine an equation that can be used to predict MPG.

Why do you think all of the independent variables are not significant?

Modeling nonlinearities and interactions -

The Priceads.xlsx file contains weekly unit sales of a product as well as the product price and advertising expenditures.

Explain how advertising and product price influence unit sales.

State whether the independent variable an non-linear relationship between the dependent and/or is there an interaction dependency.

P-value lower than .15 should be considered significant.

MOVING AVERAGES/RATIO TO MOVING AVERAGES -

Ratio to Moving Average

The amazon.xlsx file contains quarterly revenues of Walmart during years 1994-2009.

Create a smoothed trend estimate that you can use in your forecasts.
Use the ratio-to-moving-average method to forecast revenues for Quarters 4 in 2012 and quarters 1-4 in 2013.

EOQ/EOB -

An appliance store sells HDTVs. Annual demand is estimated at 1,000 units. The cost to carry an HDTV in inventory for one year is $500, and the cost to place an order for HDTVs is $400:

How many HDTVs should be ordered each time an order is placed?
How many orders per year should be placed?
What are the annual inventory and ordering costs?

Suppose that the Waterford Crystal company can produce up to 100 iced-tea pitchers per day. Further, suppose that the plant is open 250 days per year and that annual demand is for 20,000 pitchers.

The cost to hold a pitcher in inventory for a year might be $10, and the cost to set up the facility to produce iced tea pitchers might be $40:

What batch size would you recommend for iced-tea pitchers?
How many batches per year should be produced?
What are the annual setup and inventory costs for iced-tea pitchers?

Attachment:- Assignment Files.rar

Reference no: EM132251288

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