Forecasting using regression analysis

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Reference no: EM1376981

Jasper Furnishings has $300 million in sales. The firm expects that its sales will raise 12 percent this year. Jasper's CEO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is: Inventories = $25 + 0.125 (sales)
Given the estimated sales forecast and the estimated relationship between inventories and sales, what is your forecast of the company's year-end inventory turnover ratio?

Reference no: EM1376981

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