1. The operations manager of a musical instrument distributor feels that demand for bass drums may be related to the number of television appearances by the popular rock group Green Shades during the preceding month. The manager has collected the data shown in the following table: a). b). Demand for Bass Drums 3 6 7 5 10 8 Green Shades TV Appearances 3 4 7 6 8 5 Use the least squares regression method to derive a forecasting equation. What is your estimate for bass drum sales if the Green Shades performed on TV nine times last month?

1. The operations manager of a musical instrument distributor feels that demand for bass drums may be related to the number of television appearances by the popular rock group Green Shades during the preceding month. The manager has collected the data shown in the following table: a). b). Demand for Bass Drums 3 6 7 5 10 8 Green Shades TV Appearances 3 4 7 6 8 5 Use the least squares regression method to derive a forecasting equation. What is your estimate for bass drum sales if the Green Shades performed on TV nine times last month?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Answer this using excel on a spreads

1. The operations manager of a musical instrument distributor feels that demand for bass
drums may be related to the number of television appearances by the popular rock group
Green Shades during the preceding month. The manager has collected the data shown in
the following table:
a).
b).
Demand for Bass Drums
3
6
7
5
10
8
Green Shades TV Appearances
3
4
7
6
8
5
Use the least squares regression method to derive a forecasting equation.
What is your estimate for bass drum sales if the Green Shades performed on TV
nine times last month?

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