Calculate the regression equation, Operation Management

Assignment Help:

The I-10 carpet outlet wants to develop a means to forecast its sales. The store manager believes that the stores sales are directly related to the number of new housing starts in town. The manager has collected the following for the past 5 months.
month monthlycarpet monthly const.

Sales (1000yd) permits

1 5 17
2 12 30
3 6 12
4 5 14
5 8 10

Compute the regression equation(show work)


Related Discussions:- Calculate the regression equation

Explain actual and forcasted demand level, The following are monthly actual...

The following are monthly actual and forcasted demand level for may through December for units of product manufactured by N. Month Actual demand Forecast demand May 100 102

Explain unethical behaviour proposed by saul gellerman, Of the four commonl...

Of the four commonly held rationalizations for unethical behaviour proposed by Saul Gellerman, which one do you thing gets use most often? Why?

Employees that meet to recognize work problems, Small groups of employees t...

Small groups of employees that meet to recognize work problems and their solution are known as   Quality circles.

Which class might have the major impact on the workforce, Determine which c...

Determine which class protected by Title VII of the Civil Rights Act of 1964 had the greatest impact on the workforce of the 20th century. Next, determine which class might have th

Explain what are the risks associated with backdoor, What are the risks ass...

What are the risks associated with backdoor (maverick) buying and selling? Why is purchasing interested in controlling this business practice?

Explain level of threshold service of a least-cost system, What is meant by...

What is meant by the level of threshold service of a least-cost system

What are routine and strategic decisions, What are routine and strategic de...

What are routine and strategic decisions? Routine decisions are of repetitive nature that do not need much analysis and evaluation, are in the context of everyday operations of

Supplier relationships in a supply network, Supplier relationships in a sup...

Supplier relationships in a supply network are categorised in which ways:- Single, multiple, delegated and parallel

Develop an operations strategy for an organisation, How do you develop an o...

How do you develop an operations strategy for an organisation? Answer: There are many different procedures recommended by academics and individual consultancy companies. The mor

Introduction to the operations function, Introduction to the Operations Fun...

Introduction to the Operations Function Firstly, consider the economy where gross domestic product (GDP) has been subdivided into its major divisions which are agriculture, ma

Write Your Message!

Captcha
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