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3. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [12 Points] Month Sales Jan Feb Mar Apr 15 18 14 12 May Jun Jul Aug 19 10 11 15 a. Use trend projection to estimate the relationship between time and sales state the trend line equation in this problem). Show the calculations of the intercept and the slope. b. Interpret the meaning of the slope in this problem. C. Calculate forecasts for February 2007, April 2007, and February 2008

3. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [12 Points] Month Sales Jan Feb Mar Apr 15 18 14 12 May Jun Jul Aug 19 10 11 15 a. Use trend projection to estimate the relationship between time and sales state the trend line equation in this problem). Show the calculations of the intercept and the slope. b. Interpret the meaning of the slope in this problem. C. Calculate forecasts for February 2007, April 2007, and February 2008

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [12 Points] Month Sales Jan Feb Mar Apr 15 18 14 12 May Jun Jul Aug 19 10 11 15 a. Use trend projection to estimate the relationship between time and sales state the trend line equation in this problem). Show the calculations of the intercept and the slope. b. Interpret the meaning of the slope in this problem. C. Calculate forecasts for February 2007, April 2007, and February 2008
Transcribed Image Text:3. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [12 Points] Month Sales Jan Feb Mar Apr 15 18 14 12 May Jun Jul Aug 19 10 11 15 a. Use trend projection to estimate the relationship between time and sales state the trend line equation in this problem). Show the calculations of the intercept and the slope. b. Interpret the meaning of the slope in this problem. C. Calculate forecasts for February 2007, April 2007, and February 2008
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