The following table presents the orders of Samson Company forthe last 36 months (3 years).
Month | Order Year 1 | Order Year 2 | Order Year 3 |
January | 502 | 614 | 712 |
February | 408 | 592 | 698 |
March | 491 | 584 | 686 |
April | 456 | 532 | 644 |
May | 481 | 599 | 694 |
June | 511 | 604 | 702 |
July | 522 | 624 | 724 |
August | 500 | 612 | 716 |
September | 510 | 625 | 732 |
October | 512 | 627 | 740 |
November | 520 | 650 | 745 |
December | 536 | 680 | 756
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1. Use the data in the above table and regression analysis toforecast the orders for the next 12 months (4th year). Include yourexcel work sheet and your write up. Show the regression equation,values of intercept, slope, correlation coefficient and coefficientdetermination and the forecast of orders for the next 12months.
2. Explain how you could make your forecast’s results morereliable by incorporating a qualitative research to yourquantitative results.