Ch 8 quest 6b

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School

Florida International University *

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Course

6357

Subject

Business

Date

Feb 20, 2024

Type

jpg

Pages

1

Uploaded by DeanEnergy13518

Report
Q, Sezarch th Chapter 8 Homework _f’, $20.00 4/ ;é $2000 |- \ 8 1500 | g $15.00 $10.00 | $10.00 $5.00 | $5.00 o 1 2 3 4 5 6 7 8 = 1 b 3 4 5‘ 6 7 “—; Year Year What type of pattern exists in the data? l Positive trend pattern ey @ (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. If required, round your answers for the parameters to four decimal places and your answer for the MSE to two decimal places. Do not round your intermediate calculations. y-lntercept, bo— | 20.7446 ‘ Slope, ,, =( 1.8036 | (&) MsE=[ 326]©@ (€) What is the average cost increase that the firm has been realizing per year? If required, round your answer to two decimal places. | 1.803&7'1 @ (d) Compute an estimate of the cost/unit for next year. 1f requirid, round your answer to two decimal places. Do not round your intermediate calculations. J $ 36.68|O
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