Mop and broom manufacturing has tracked the number of units, Ask an Expert

Management Studies

Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past twenty-four months. This is shown. Month Sales Month Sales Month Sales 1 234 9 319 17 362 2 246 10 340 18 379 3 261 11 348 19 363 4 257 12 358 20 380 5 268 13 352 21 396 6 285 14 359 22 393 7 385 15 379 23 407 8 304 16 354 24 411 Develop a linear trend line for the data. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Sales = + (month) Compute a correlation coefficient for the data and evaluate the strength of the linear relationship. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Correlation coefficient is . It indicates linear relationship. (Use not rounded amounts to answer this question.) Using the linear trend line equation, develop a forecast for the next period,month 25. (Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round intermediate results used to achieve this answer.) Forecast for month 25 =

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91884884

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