(Solved Homework): Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an…

Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10 LAST YEAR THIS YEAR QUANTITY 16 34 QUANTITY QUARTER (UNITS) QUARTER (UNITS) 21 28 32 16 TV TV a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) b. Compute trend and seasonal factor from a linear regression line obtained with Excel. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Trend Forecast Seasonal Factors Last Year This Year I c. Forecast sales for next year using the above seasonal factors. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Next Year

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Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10 LAST YEAR THIS YEAR QUANTITY 16 34 QUANTITY QUARTER (UNITS) QUARTER (UNITS) 21 28 32 16 TV TV a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) b. Compute trend and seasonal factor from a linear regression line obtained with Excel. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Trend Forecast Seasonal Factors Last Year This Year I c. Forecast sales for next year using the above seasonal factors. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Next Year

Expert Answer

In this problem, the seasonality factor has been determined using the method as as been shown. The rest of the problem has been done based on actual calculation.

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