Develop the equation to find coefficient of correlation

Assignment Help Business Management

Reference no: EM1378591

Use linear regression to construct a predictive model for demand for ironing board covers based on sales of irons.

Year--------Sales of Irons (000)----Demand for Covers (000)
1---------------8-------------------------------5
2---------------7-------------------------------2
3--------------- 10------------------------------- 6
4--------------- 6------------------------------- 4

A) Develop the equation.
B) Determine the coefficient of correlation for this data?

Reference no: EM1378591

Questions Cloud

Analysis of the motivation of all schools to cut costs : Nate Young is the dean of a business school. The university is under strong financial pressures, and university president has asked all the deans to cut expenses.

Determine the restocking cost : The Wheeling Pottery Store starts every month with 1200 pots in stock. This stock is depleted every month and reordered. Determine the restocking cost.

Compute the grouped data mean : Compute the grouped data mean for this distribution. Use MINITAB and using the original scores, compute the raw-data mean. Use MINITAB.

Discuss at least three strategies you might use to analyze : You have been asked to provide an analysis of student achievement trends. Discuss at least three strategies you might use to analyze data in your list also evaluate present trends in student achievement.

Develop the equation to find coefficient of correlation : Use linear regression to construct a predictive model for demand for ironing board covers based on sales of irons.

Identify at least one metric to measure process : Comment on factors which affect process design. Identify at least one metric to measure process. Design a flowchart utilizing an appropriate tool.

Multiple choice questions - economics : Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.

Illustrate what types of scheduling decisions is management : Illustrate what types of scheduling decisions is management likely to encounter in subsequent operations. Describe scheduling decisions in terms of types of resources to be scheduled also associated consumers or jobs scheduled.

Homeric epics in greek culture : Compare a specific example of life in Ancient Greece or the Hellenic world to that found in contemporary life in the U.S.

User Account

All Pages