Integrated products corporation (IPC) needs to estimate its sales for the next year. The most recent six years of revenue data for the company’s line of XT personal computers and those of the industry is found in the table below Year XT PC Sales revenue All industry PC Sales Revenue 1 2.4 4.6 2 5.9 8.6 3 15.5 10.7 4 27.8 14.8 5 35.9 18.5 6 38.1 19.4 Q.1. Assuming that the sales data above are representative of the sales expected next year, use time series regression analysis to forecast next years sales revenue
Integrated products corporation (IPC) needs to estimate its sales for the next year. The most recent six years of revenue data for the company’s line of XT personal computers and those of the industry is found in the table below Year XT PC Sales revenue All industry PC Sales Revenue 1 2.4 4.6 2 5.9 8.6 3 15.5 10.7 4 27.8 14.8 5 35.9 18.5 6 38.1 19.4 Q.1. Assuming that the sales data above are representative of the sales expected next year, use time series regression analysis to forecast next years sales revenue
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...
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Question
Integrated products corporation (IPC) needs to estimate its sales for the next year. The most recent six years of revenue data for the company’s line of XT personal computers and those of the industry is found in the table below
|
Year |
XT PC Sales revenue |
All industry PC Sales Revenue |
|
1 |
2.4 |
4.6 |
|
2 |
5.9 |
8.6 |
|
3 |
15.5 |
10.7 |
|
4 |
27.8 |
14.8 |
|
5 |
35.9 |
18.5 |
|
6 |
38.1 |
19.4 |
Q.1.
Assuming that the sales data above are representative of the sales expected next year, use time series regression analysis to
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