# Budgeting and Forecasting Question

Jul 14th, 2015
Anonymous
Category:
Price: \$10 USD

Question description

1. (TCO 3) Using the following information regarding actual sales for Seafood City, calculate the regression (trend) line:

 Sales for Seafood City (\$) Day Week 1 Week 2 Monday 1,700 1,800 Tuesday 1,900 2,000 Wednesday 2,100 2,100 Thursday 2,300 2,200 Friday 4,200 4,300 Saturday 4,400 4,600 Sunday 2,100 2,200

(Points : 4)

y = 2,092.31. + 81.98x

y = 2,092.31 + 121.98x

y = 1,892.31 + 81.98x

y = 1,892.31 + 81.98x

Question 2.

2. (TCO 3) Using the following information regarding actual sales for Paradise Pools, project sales for May of Year 3 using simple linear regression:

 Sales for Paradise Pools (\$000s) Month First Year Second Year January 84 84 February 80 82 March 88 98 April 100 120 May 150 160 June 200 210 July 240 250 August 220 215 September 180 195 October 160 165 November 120 130 December 92 100

(Points : 4)

168.79

174.52

178.35

180.26

Question 3.

3. (TCO 3) Using the following information regarding actual sales for Paradise Pools, calculate the seasonal ratio for June of Year 3:

 Sales for Paradise Pools (\$000s) Month First Year Second Year January 84 84 February 80 82 March 88 98 April 100 120 May 150 160 June 200 210 July 240 250 August 220 215 September 180 195 October 160 165 November 120 130 December 92 100

(Points : 4)

0.67

0.77

1.08

1.41

Question 4.

4. (TCO 3) Using the following information regarding actual sales for Seafood City, calculate the seasonal forecast of sales for Friday of Week 3:

 Sales for Seafood City (\$) Day Week 1 Week 2 Monday 1,700 1,800 Tuesday 1,900 2,000 Wednesday 2,100 2,100 Thursday 2,300 2,200 Friday 4,200 4,300 Saturday 4,400 4,600 Sunday 2,100 2,200

(Points : 4)

2,822.29

3,006.17

4,300.00

5,614.30

 Question 5. 5. (TCO 3) The regression statistic that measures the accuracy of regression predictions is the: (Points : 4)

correlation coefficient.

coefficient of determination.

standard error of the estimate.

t-statistic.

(Top Tutor) SifuHelps
School: Carnegie Mellon University

Studypool has helped 1,244,100 students

Review from student
Anonymous
" Goes above and beyond expectations ! "

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors