The sales and profit of a clothing organization are represented in the table below. Thisgiven data is used in forecasting and mainly decision making, accordingly:Sales , x ( inmillions ofProfits, y (inmillions ofdollars)1.5dollars)0.10.120.133.55.46.51780.21100.27110.235120.2450.2810.350.356151616.5210.441. Create a Scatter Plot to represent theand profits of the organization. Provideproper units and labeling of these a table to show allyourwork.3. Estimate the profit of the organization if the sales reach a net worth of $ 25.6 million.4. Estimate the salesthe organization if the profit made is $ 31.7 million.5. State threeof forecasting within an organization.6. Whatof forecasting is being done within this organization? Explain why.explain what the following statement related to forecasting means."Forecasts are seldom perfect"7.Note: Show all detailed calculations and formulas used.ddle East. 2021

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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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