The sales and profit of a clothing organization are represented in the table below. This given data is used in forecasting and mainly decision making, accordingly: Profits, y (in millions of Sales , x ( in millions of dollars) 1.5 3.5 dollars) 0.1 0.12 0.13 5.4 6.5 17 0.21 10 0.27 11 0.235 12 0.245 15 0.281 16 0.35 daddle East. 2021 16.5 0.356 21 0.44 1. Create a Scatter Plot to represent the sales and profits of the organization. Provide proper units and labeling of the graph. 2. Find the regression equation: se a table to show all your work. 3. Estimate the profit of organization if the sales reach a net worth of $ 25.6 million. 4. Estimate the sales the organization if the profit made is $ 31.7 million. 5. State three of forecasting within an organization. 6. What pe of forecasting is being done within this organization? Explain why. 7. explain what the following statement related to forecasting means. "Forecasts are seldom perfect" Note: Show all detailed calculations and formulas used.
The sales and profit of a clothing organization are represented in the table below. This given data is used in forecasting and mainly decision making, accordingly: Profits, y (in millions of Sales , x ( in millions of dollars) 1.5 3.5 dollars) 0.1 0.12 0.13 5.4 6.5 17 0.21 10 0.27 11 0.235 12 0.245 15 0.281 16 0.35 daddle East. 2021 16.5 0.356 21 0.44 1. Create a Scatter Plot to represent the sales and profits of the organization. Provide proper units and labeling of the graph. 2. Find the regression equation: se a table to show all your work. 3. Estimate the profit of organization if the sales reach a net worth of $ 25.6 million. 4. Estimate the sales the organization if the profit made is $ 31.7 million. 5. State three of forecasting within an organization. 6. What pe of forecasting is being done within this organization? Explain why. 7. explain what the following statement related to forecasting means. "Forecasts are seldom perfect" Note: Show all detailed calculations and formulas used.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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