if the industry estimates next year's sales at $820 million, use simple linear regression to forecast annual demand for the firm's boats for next year.
if the industry estimates next year's sales at $820 million, use simple linear regression to forecast annual demand for the firm's boats for next year.
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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Question
A firm needs to develop a sales forecast for next year. it believes that its annual sales are related to the sales of its industry. it has prepared these historical data.
industry sales ( millions of dollars) | firms annual sales ( number of boats) |
976 | 329 |
1068 | 332 |
845 | 315 |
763 | 321 |
1125 | 345 |
689 | 329 |
837 | 331 |
if the industry estimates next year's sales at $820 million, use simple linear regression to forecast annual demand for the firm's boats for next year.
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