Question (4): Answer the following problem:  Cover Me, Inc. sells umbrellas in two cities.  Management assumes that annual rainfall is the primary determinant of umbrella sales, and it wants to generate a linear regression equation to estimate potential sales in another city.  Use the table below to develop a linear regression equation to find out what sales might be if the rainfall is 12 inches in City C. Show your work in the below table   Rainfall X Sales Y X2 XY City A 36 inches 200     City B 30 inches 250     City C 12 inches       Total 66 450

Q: The following gives the number of accidents that occurred on Florida State Highway 101 during the…

A: Given data is

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Q: The following gives the number of accidents that occurred on Florida State Highway 101 during the…

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.