You are given the following information about the sales and inventory levels for your company forthe last five years. Using regression analysis, determine what the level of safety stocks for yourcompany appears to be.Year12345Inventory$5,112,930$5,921,310$6,447,375$7,355,880$43,281,300 $8,067,195Sales$23,586,200$28,975,400$32.482.500$38,539,200O $1.525,000$1,475,000O $1,500,000O $1,550,000O $1,575,000

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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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You are given the following information about the sales and inventory levels for your company for the last five years. Using regression analysis, determine what the level of safety stocks for your company appears to be. Year Sales $23.506 200 Inventory $5 112.930