Monthly demand for Accugolf's top rated golf balls in dozens for the last twelve months are shown below. MONTH DEMAND January 5,300 MONTH July August February 6,000 March 6,300 September April 5,500 October May 6,100 June 6,900 November December dozens of golf balls DEMAND 7,400 7,200 6,700 6,400 5,800 5,700 a. Develop a simple regression model for sales of golf balls. (Hint: Use the number of balls in dozens as per the problem statement.) Do not round intermediate calculations. Round your answers to two decimal places. Demand-[ x Month b. What is the forecast for sales of golf balls in January of the upcoming year? Do not round intermediate calculations. Round your answer to the nearest whole number.
Monthly demand for Accugolf's top rated golf balls in dozens for the last twelve months are shown below. MONTH DEMAND January 5,300 MONTH July August February 6,000 March 6,300 September April 5,500 October May 6,100 June 6,900 November December dozens of golf balls DEMAND 7,400 7,200 6,700 6,400 5,800 5,700 a. Develop a simple regression model for sales of golf balls. (Hint: Use the number of balls in dozens as per the problem statement.) Do not round intermediate calculations. Round your answers to two decimal places. Demand-[ x Month b. What is the forecast for sales of golf balls in January of the upcoming year? Do not round intermediate calculations. Round your answer to the nearest whole number.
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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Transcribed Image Text:Monthly demand for Accugolf's top rated golf balls in dozens for the last twelve months are shown below.
MONTH
MONTH
July
January
February
August
March
September
April
May
June
DEMAND
5,300
6,000
dozens of golf balls
6,300
5,500
6,100
6,900
October
November
December
DEMAND
7,400
7,200
6,700
6,400
5,800
5,700
a. Develop a simple regression model for sales of golf balls. (Hint: Use the number of balls in dozens as per the problem statement.) Do not round intermediate
calculations. Round your answers to two decimal places.
Demand-
x Month
b. What is the forecast for sales of golf balls in January of the upcoming year? Do not round intermediate calculations. Round your answer to the nearest whole
number.
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