Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $13.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR I II III IV Y = QUANTITY (UNITS) 13 15 Last Year 23 13 This Year QUARTER THIS YEAR I II III IV a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 17 b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. 21 25 19 Period I || ||| IV 1 11 ||| IV Trend Forecast Seasonal Factors c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.

Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $13.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR I II III IV Y = QUANTITY (UNITS) 13 15 Last Year 23 13 This Year QUARTER THIS YEAR I II III IV a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. QUANTITY (UNITS) 17 b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. 21 25 19 Period I || ||| IV 1 11 ||| IV Trend Forecast Seasonal Factors c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question

140) PLEASE HELP ME with this!!

a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. Y = Last Year b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. This Year + Next Year Period 1 || [II IV I || ||| IV t Period I || III IV Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Seasonal Factors Forecast (Units)
Transcribed Image Text:a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. Y = Last Year b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. This Year + Next Year Period 1 || [II IV I || ||| IV t Period I || III IV Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Seasonal Factors Forecast (Units)
Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $13.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST QUANTITY QUARTER THIS (UNITS) YEAR 13 15 23 13 YEAR I II III IV Y = a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. Last Year This Year b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Period I || ||| IV 1 II III IV + II III IV Period QUANTITY (UNITS) 17 21 25 19 11 t Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Seasonal Factors Forecast (Units)
Transcribed Image Text:Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $13.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST QUANTITY QUARTER THIS (UNITS) YEAR 13 15 23 13 YEAR I II III IV Y = a. Find the equation of a simple linear regression line using Excel. Note: Round your answers to 3 decimal places. Last Year This Year b. Compute trend and seasonal factor from a linear regression line obtained with Excel. Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Period I || ||| IV 1 II III IV + II III IV Period QUANTITY (UNITS) 17 21 25 19 11 t Trend Forecast c. Forecast sales for next year using the above seasonal factors. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Seasonal Factors Forecast (Units)
Expert Solution
steps

Step by step

Solved in 3 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS