final case study part 2.docx - Ashton Villeneuve Final Case Study Part 2 In this section I was asked to determine the long run trend for our

final case study part 2.docx - Ashton Villeneuve Final Case...

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Ashton Villeneuve Final Case Study Part 2 In this section, I was asked to determine the long run trend for our company (Price Chomper). The long-run trend for sales of Price Chomper is generally increasing. The graph below takes a look at the existing data on sales. Looking at this graph, it is easy to notice that the trend line for sales is increasing. 0 1000000 2000000 3000000 4000000 5000000 6000000 7000000 8000000 Sales Using the existing sales data, and a regression, I was able to forecast the sales for the next six months after April 2017. To do this, I ran a regression on all of the months, then reran a regression using only statistically significant months. This regression included the months of Jan, Mar, Apr, Jun, Aug, Nov, and Dec. (Shown below). SUMMARY OUTPUT Regression Statistics Multiple R 0.835218 226 R Square 0.697589 486 Adjusted R Square 0.644667 646
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Standard Error 766804.4 458 Observati
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