mex PLC has gathered following information on the sales of face mask from April 2020 to eptember 2020. Month Sales ($) April 17,000 May 18,000 June 19,500 July 22,000 August 21,000 September 23,000 You are required to; a. Using linear trend equation forecast the sales of face masks for October 2020.

mex PLC has gathered following information on the sales of face mask from April 2020 to eptember 2020. Month Sales ($) April 17,000 May 18,000 June 19,500 July 22,000 August 21,000 September 23,000 You are required to; a. Using linear trend equation forecast the sales of face masks for October 2020.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: The table below shows a recent graduate's credit card balance each month after graduation. Month 1…

A: Regression Equation: The Regression Equation is used to predict the response or dependent variable y…

Q: 12. Find the following table. 1. Fit a straight line trend by the method of least square. 2.…

Q: Calculate, for the composite and each of the subject areas, the difference between the national…

A: We see that we have several values corresponding to a given number of subjects. These values are the…

Q: Fit a trend equation from the data given below and hence find the sales for year 2016. year 2011…

A: The regression equation of given data set is given as follows :

Q: Amex PLC has gathered following information on the sales of face mask from April 2020 to September…

A: Given, information gathered by PLC on the sales of face mask from April 2020 to September 2020. a)…

Q: ind the equation of the trend lin

A: Equation of line passing through two points (x1,y1) and (x2,y2) is given by y-y1 =…

Q: - 2. Fit a trend line to follow the data of freehand method. Production of steel Production of Steel…

A: Solution:

Q: 1. Give below is the data on production of a company (in lakhs). Year: 1983 1984 1985 1986 1987 1988…

Q: What is the forecast for March using a 3-month moving average?

A: Using excel calculate 3-month moving average

Q: Use the line graph to answer the following questions. A. Identify the percentage of baby boomers who…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: For the given set of business data, (a) identify the appropriate graph/chart to use, (b) draw the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: the sales records for nokia mobile phones are given calculate the forecasts for the tablet…

Q: 1. Perform a Trend and Seasonal analysis with the following data. Include the trend formula and the…

A: The provided data table:A trend and seasonal analysis must be performed the forecast sales for the…

Q: ompanying table gives the population (in hundred thousands) and number of people not covered by…

Q: Month Rental Returns Car Wash Costs $ 11,900 $ 13,600 $ 12,700 $ 15,600 $ 17,100 $ 25,100 $ 23,100 $…

A: Given Data : X = Rental returns Y = Car Wash costs 2500 11900 2500 13600 2800 12700 3100…

Q: None

A: Step 1: Define what independent events areIndependent events are events where the occurrence of one…

Q: The table below shows the expected years remainıng in a person's life given a person's curent age.…

A: "Since you have posted a question with multiple subparts, we will solve first 3 sub-parts for you.…

Q: trend analysis. (Rou

A: Trend analysis

Q: The following chart shows "living wage" jobs in Rochester per 1000 working age adults over a 5 year…

A: Find the solution of the two questions from the given chart.

Q: Amex PLC has gathered following information on the sales of face mask from April 2020 toSeptember…

A: Let the April be denoted by 1, May by 2 and so on. Then, the given data: Month, x Sales, ut 1…

Q: Determine the equation of the trend line for the data shown below on Canadian balance of payments…

Q: Here are data on the monthly price of gas for a certain year, which is a component of the Consumer…

A: Given data is:Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov…

Q: Use the graph below, which shows the average number of weekly viewers of a 30- minute television…

A: Hint: You have not mentioned what actually you want to know from the graph. Now, we can observe a…

Q: Find a trend line for the following data and plot actual and trend values on same graph. Year 1980…

Q: Based on the line graph shown, how did Google's stock price perform between March 2015 and August…

A: Based on the line graph shown,we have ti find out how did Google's stock price perform between March…

Q: The following table gives the average monthly exchange rate between the U.S. dollar and the euro for…

A: The given data is as follows: January1.289February…

Question

mex PLC has gathered following information on the sales of face mask from April 2020 to
september 2020.
Month Sales ($)
April 17,000
May 18,000
June 19,500
July 22,000
August 21,000
September 23,000
You are required to3;
a. Using linear trend equation forecast the sales of face masks for October 2020.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

18. Fit a straight line trend for the following data. 1997 1996 1998 1999 2000 Year: Per capita: 25 30 32 37 40 (Consumption of cotton in Kgs) Estimate the per capita consumption for the year 2002. Represent the trend line graphi- cally. CS Scanned with CamScanner
A company has the following monthly sales for the past year. Plot the data points on a line graph and describe the results. Month Sales 1 145 2 146 3 145 4 150 5 148 6 150 7 156 8 160 9 158 10 153 11 152 12 154
The following table presents prices, in thousands of dollars, of single-family homes for 20 of the largest metropolitan areas in the United States for the first quarter of 2012 and the first quarter of 2013. . Metro Area 2012 2013 Boston, MA 311.5 332.2 Chicago, IL 157.2 159.4 Cincinnati, OH 112.5 121.0 Cleveland, OH 84.9 101.0 Dallas, TX 148.2 160.4 Denver, CO 226.4 261.2 Houston, TX 152.1 163.7 Los Angeles, CA 122.1 155.1 Miami, FL 182.0 219.9 Minneapolis, MN 147.3 170.6 Metro Area 2012 2013 New York, NY 363.8 368.2 Philadelphia, PA 193.5 197.7 Phoenix, AZ 129.9 169.0 Portland, OR 208.6 246.5 Riverside, CA 174.3 216.7 St. Louis, MO 103.7 111.0 San Diego, CA 359.5 412.3 San Francisco, CA 448.0…
Fit a straight line trend to the following data and estimate value for 2012: 2011 Years : 2006 2007 2008 2009 2010 Value : 28 35 40 50 32 29
Find the trend of industrial employment in a city from the following data for 1975-84 Year : 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 No. of Workers Employed (lakhs): 3-2 3-3 3-7 3-9 3.6 4-3 4-8 4-8 5-4 6-3
please answer within 30 minutes.
please answer all the parts of the within30 minutes. make sure all the parts of the question are answered else i will give negative ratings.
Fit a trend function y = A. B* to the following data. 2 3 4 5 y : 1.6 4.5 13.8 40 2 125.0
The table below shows a recent graduate's credit card balance each month after graduation. Month 1 2 3 4 5 6 7 8 Debt ($) 620.00 761.88 899.80 1039.93 1270.63 1589.04 1851.31 2154.92 a) Look at the graph on your calculator. Based on this graph, what type of equation should represent this situation? Explain your answer. b) Use your calculator to find the equation that you feel best fits this data. What is the equation? c) Based on this equation, what is the predicted amount of debt for month 9 after graduation? View keyboard shortcuts EditViewInsertFormatToolsTable 12pt Paragraph
Compare the primary types of forecasting methods used to determine demand.
Briefly explain how the organization forecast sales for its products.a. Using historical sales data, choose a quantitative technique to forecast sales for thatorganisation for the next sales period. Comment on the appropriateness of thetechnique used.b. Describe three strategies that the organization uses to compete and comment on theappropriateness of these strategies
mpute Marshall – Edgeworth price index number for the following data by taking 2016 as base year. Items sold out in a men's wear 2017. 2016 GRSH Prices Quantity Quantity Prices Shirts 900 175 700 150 Pants 1200 150 1000 100 Sandals 600 100 500 70 Shoes 1800 60 1500 50 150 Belts Watches 400 100 600 250 300 1500 1200