hw problem & answers Question #1 Question #2 Quest Question #3 3. (A) Perform a multiple regression analysis on the above data to see if household income and population can be used to predict future sales. (B) Predict sales for the next three years based on the income and population projections listed below. (fill in the blanks on the first sheet) Average Number of Household Widgets Year Households Income Sold 1980 39.5 34,000 5,500 1981 39.8 34,600 5,600 1982 40.4 41,000 5,900 1983 43.1 38,000 5,800 1984 43.2 39,000 6,100 1985 44.0 42,000 6,900 1986 44.5 44,000 6,300 1987 46.2 49,000 7,300 1988 46.5 46,000 6,700 1989 46.8 51,000 6,900 1990 47.0 48,000 7,200 1991 47.1 47,000 7,100 1992 47.3 50,000 7,100 1993 47.7 51,000 7,400 1994 48.0 53,000 7,600 1995 48.1 54,000 7,900 1996 48.4 55,000 7,300 1997 48.5 53,000 8,000 1998 49.0 57,000 8,500
hw problem & answers Question #1 Question #2 Quest Question #3 3. (A) Perform a multiple regression analysis on the above data to see if household income and population can be used to predict future sales. (B) Predict sales for the next three years based on the income and population projections listed below. (fill in the blanks on the first sheet) Average Number of Household Widgets Year Households Income Sold 1980 39.5 34,000 5,500 1981 39.8 34,600 5,600 1982 40.4 41,000 5,900 1983 43.1 38,000 5,800 1984 43.2 39,000 6,100 1985 44.0 42,000 6,900 1986 44.5 44,000 6,300 1987 46.2 49,000 7,300 1988 46.5 46,000 6,700 1989 46.8 51,000 6,900 1990 47.0 48,000 7,200 1991 47.1 47,000 7,100 1992 47.3 50,000 7,100 1993 47.7 51,000 7,400 1994 48.0 53,000 7,600 1995 48.1 54,000 7,900 1996 48.4 55,000 7,300 1997 48.5 53,000 8,000 1998 49.0 57,000 8,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:hw problem & answers
Question #1
Question #2
Quest
Question #3
3. (A) Perform a multiple regression analysis on the above data to see if household income and
population can be used to predict future sales. (B) Predict sales for the next three years based on
the income and population projections listed below.
(fill in the blanks on the first sheet)
Average
Number of
Household
Widgets
Year
Households
Income
Sold
1980
39.5
34,000
5,500
1981
39.8
34,600
5,600
1982
40.4
41,000
5,900
1983
43.1
38,000
5,800
1984
43.2
39,000
6,100
1985
44.0
42,000
6,900
1986
44.5
44,000
6,300
1987
46.2
49,000
7,300
1988
46.5
46,000
6,700
1989
46.8
51,000
6,900
1990
47.0
48,000
7,200
1991
47.1
47,000
7,100
1992
47.3
50,000
7,100
1993
47.7
51,000
7,400
1994
48.0
53,000
7,600
1995
48.1
54,000
7,900
1996
48.4
55,000
7,300
1997
48.5
53,000
8,000
1998
49.0
57,000
8,500
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