Problem 24

Consider the following annual sales data for 1996-2003, use the linear regression method and

a. determine the estimated sales equation.

b. determine the correlation coefficient and the coefficient of determination.

Year .....Sales

1996 ........2

1997 ........4

1998 ........10

1999 ........8

2000 ........14

2001 ........18

2002 ........17

2003 ........20

Problem 24

Consider the following annual sales data for 1996-2003, use the linear

regression method and

a. determine the estimated sales equation.

b. determine the correlation coefficient and the coefficient of

determination.

Year .....Sales

1996 ........2

1997 ........4

1998 ........10

1999 ........8

2000 ........14

2001 ........18

2002 ........17

2003 ........20

Consider the following annual sales data for 1996-2003, use the linear regression method and

a. determine the estimated sales equation.

b. determine the correlation coefficient and the coefficient of determination.

Year .....Sales

1996 ........2

1997 ........4

1998 ........10

1999 ........8

2000 ........14

2001 ........18

2002 ........17

2003 ........20

Problem 24

Consider the following annual sales data for 1996-2003, use the linear

regression method and

a. determine the estimated sales equation.

b. determine the correlation coefficient and the coefficient of

determination.

Year .....Sales

1996 ........2

1997 ........4

1998 ........10

1999 ........8

2000 ........14

2001 ........18

2002 ........17

2003 ........20

### Recently Asked Questions

- ADC supermarket accepts three types of credit cards, Master card, Visa and Tembo card. The sales manager is interested in finding out whether there is a

- When a government wants to increase tax revenue, they will often increase the sales tax on gasoline. Using price elasticity of demand, explain why the tax

- What is the positive predictive value, reliability and validity of colorectal screening tools specifically the stool specimens and colonoscopy.