(CO 3) Using the following information regarding actual sales for Sam’s Ski Supplies, project sales for...
(CO 3) Using the following information regarding actual sales
for Sam’s Ski Supplies, project sales for March of Year 3 using
simple linear regression.
|
Sales for Sam’s Ski Supplies ($000s) |
||
|
Month |
First Year |
Second Year |
|
January |
380 |
400 |
|
February |
340 |
360 |
|
March |
320 |
330 |
|
April |
280 |
290 |
|
May |
265 |
270 |
|
June |
230 |
235 |
|
July |
220 |
230 |
|
August |
200 |
205 |
|
September |
210 |
220 |
|
October |
250 |
270 |
|
November |
400 |
450 |
|
December |
450 |
502 |
Group of answer choices
326.94
330.28
328.61
308.62
Homework Answers
solution :
The intercept is $283.64 and the slope is 1.66666
using this values , the regression line can be expressed as Y = 283.64+1.67X
the projected sales of march of year 3 is
=283.64+(1.666*27)
= 328.61
so the correct answer is option c (328.61)
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