Operations Management: Processes and Supply Chains (11th Edition)
Operations Management: Processes and Supply Chains (11th Edition)
11th Edition
ISBN: 9780133872132
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 8, Problem 1P

Demand for oil changes at Garcia’s Garage has been as follows:

Chapter 8, Problem 1P, Demand for oil changes at Garcia’s Garage has been as follows: Use simple linear regression

  1. Use simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the independent variable, X, is the month. For January, let X = 1 ; for February, let X = 2 ; and so on.
  2. Use time model to forecast demand for September, October, and November. Here, X = 9 , 10 , and 11, respectively.

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Operations Management: Processes and Supply Chains (11th Edition)

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