The sales and profits (in $ million) of an electric car in New Zealand is as follows. The company would like to make a forecast for future profit. Use the data below to develop a Linear Regression forecasting model. (To make your computation easier, b = 0.0159 is given) Unit Sales, x (in 5 millions) $7 2 6 4 14 15 LUSHRSG 16 12 14 20 15 Profits, y (in 5 millions) $0.15 0.10 0.13 0.15 0.25 0.27 0.24 0.20 0.27 0.44 0.34 0.17

The sales and profits (in $ million) of an electric car in New Zealand is as follows. The company would like to make a forecast for future profit. Use the data below to develop a Linear Regression forecasting model. (To make your computation easier, b = 0.0159 is given) Unit Sales, x (in 5 millions) $7 2 6 4 14 15 LUSHRSG 16 12 14 20 15 Profits, y (in 5 millions) $0.15 0.10 0.13 0.15 0.25 0.27 0.24 0.20 0.27 0.44 0.34 0.17

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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