Homework Help is Here – Start Your Trial Now!
Business
Operations Management
a. Determine the regression equation. (Round to 2 decimal places.) Regression equation: ŷ = ______  + ______  t   b. Determine the specific index for each quarter. (Indexes should be in decimal form (e.g. 1.36 not 136). Rounded to 2 decimal places.)   Quarter Quarterly Index Q1   Q2   Q3   Q4

a. Determine the regression equation. (Round to 2 decimal places.) Regression equation: ŷ = ______  + ______  t   b. Determine the specific index for each quarter. (Indexes should be in decimal form (e.g. 1.36 not 136). Rounded to 2 decimal places.)   Quarter Quarterly Index Q1   Q2   Q3   Q4

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question

The following data are the last three years of quarterly sales ($ thousands) for AmeriWeld. They are looking to forecast their sales for the upcoming year, 2021.

Quarter t Sales $ thousands (y)
2018 Q1 1 15
Q2 2 14
Q3 3 13
Q4 4 37
2019 Q1 5 54
Q2 6 34
Q3 7 67
Q4 8 73
2020 Q1 9 77
Q2 10 62
Q3 11 94
Q4 12 101

 

a. Determine the regression equation. (Round to 2 decimal places.)

Regression equation: ŷ = ______  + ______  t

 

b. Determine the specific index for each quarter. (Indexes should be in decimal form (e.g. 1.36 not 136). Rounded to 2 decimal places.)

 

Quarter Quarterly Index
Q1  
Q2  
Q3  
Q4  

 

c. What are the estimated sales (forecast) for the next four quarters?  (Values in $thousands. Round to 2 decimal places.)

 

Quarter Forecasted Sales
2021-1  
2021-2  
2021-3  
2021-3  
 
 
 
 
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS