How to determine future order quantities

Reference no: EM13113821

Which of the following methods could be used to determine future order quantities?

a. forecasting
b. regression
c. inventory models
d. all of the above\

Six pairs of data (n = 6) yield r = 0.789 and the regression equation y-cap = 4x - 2. Also, the average of the y values = 19.0. What is the best predicted value of y for x = 5?

Reference no: EM13113821

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