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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
After graduation, you take a position at Top-Slice, a well-known manufacturer of golf balls. One of your duties is to forecast monthly demand for golf balls. Using the following data, you developed a regression model that expresses monthly sales as a function of average temperature for the month: Monthly sales = ?767.7 + 98.5 x (average temperature) After graduation, you take a position at Top-Slice a) Show how the and values of ?767.7 and 98.5 were calculated. b) Use the regression forecasting model to forecast total golf ball sales for June and July 2011. Average temperatures are expected to be 76 degrees in June and 82 degrees in July. c) Is this regression model a time series or a casual forecasting model? Explain.
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