4 The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months:MonthNumber of AccidentsUsing the least-squares regression method, the trend equation for forecasting is (round your responses to two decimal places):y = -2.5 24.4 xJan25Using least-squares regression, the forecast for the number of accidents that will occur in the month of May =Feb45Mar64Apr100accidents (enter your response as a whole number).

Least square regression model consider Y=a+bx. Here, a indicating intercept and b indicating the…

Answered: The following gives the number of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: Month Number of Accidents Jan 25 Feb 45 Mar 64 Using the least-squares regression method the trend equation for forecasting is (round your responses to two decimal places): Apr 100 D