Bavsut Cement Company has divided Oman into different areas. The following table shows thePopulation and actual Sales for the current areas in which the company does business. The table alsogives the Forecast values that were calculated for each of the areas:Population(thousands)AreasSalesForecast(millions)(millions)A2.534104131.76240232C6.815955904.22325339E12.77990925F5.09665662G10.8284085916.841,45013297.6582585311.34935933K6.18830844a. Calculate the regression equation.b. Calculate the correlation coefficient and interpret it.c. The company is planning to expand into two additional areas in the coming year. The populationof these two areas are 743,000 and 387,000. What are the estimated sales that can be expectedfrom these two areas?d. Compute the MAD value to arrive at the forecast accuracy.

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Bavsut Cement Company has divided Oman into different areas. The following table shows the Population and actual Sales for the current areas in which the company does business. The table also gives the Forecast values that were calculated for each of the areas: Areas Population Sales Forecast

Bavsut Cement Company has divided Oman into different areas. The following table shows the Population and actual Sales for the current areas in which the company does business. The table also gives the Forecast values that were calculated for each of the areas: Areas Population Sales Forecast

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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