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  3. the following table presents the orders of samson

The following table presents the orders of Samson Company for the last 36 months (3 years). Month Order...

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General Management

The following table presents the orders of Samson Company forthe last 36 months (3 years).

MonthOrder Year 1Order Year 2Order Year 3
January502614712
February408592698
March491584686
April456532644
May481599694
June511604702
July522624724
August500612716
September510625732
October512627740
November520650745
December536680756

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.

Answer & Explanation Solved by verified expert
3.6 Ratings (426 Votes)
1 As we dont have enoughinformation regarding the data so it would be best to run a simplelinear regression model considering time point as the independentvariableDue to limited information of thepresented data we would like to run a simple linear regressionmodel assuming time point as the independent variableLetTime 1 for Year 1 January 2 for year 1 February and so and regress the Number    See Answer
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