Give correct answer and give explaination and give summary at last. The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The managerbelieves that the cost of maintaining the tractors increases with their age. The following data was collected:Age(years)6.55.56.56.06.06.07.07.07.5YearlyMaintenanceCost ($)1,1191,5491,5339951,2231,1811,3902,0221,487Age(years)8.02.52.58.08.03.03.03.0YearlyMaintenanceCost ($)Y=+X1,6946636821,2641,8731,4789661,049a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enteryour responses rounded to three decimal places and include a minus sign if necessary.)where Y = Yearly maintenance cost in dollars and X = Age in years.b. If a section has 10 two-year-old tractors, what is the forecast for the annual maintenance cost? $ (Enter your response rounded to two decimal places.)

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The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 6.5 5.5 6.5 6.0 6.0 6.0 7.0 7.0 7.5 Yearly Maintenance Cost ($) 1,119 1,549 1,533 995 1,223 1,181 1,390 2,022 1,487 Age (years) 8.0 2.5 2.5 8.0 8.0 3.0 3.0 3.0 Yearly Maintenance Cost ($) 1,694 663 682 1,264 1,873 1,478 966 1,049 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y=+X where Y = Yearly maintenance cost in dollars and X = Age in years. b. If a section has 10 two-year-old tractors, what is the forecast for the annual maintenance cost? $ (Enter your response rounded to two decimal places.)

The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 6.5 5.5 6.5 6.0 6.0 6.0 7.0 7.0 7.5 Yearly Maintenance Cost ($) 1,119 1,549 1,533 995 1,223 1,181 1,390 2,022 1,487 Age (years) 8.0 2.5 2.5 8.0 8.0 3.0 3.0 3.0 Yearly Maintenance Cost ($) 1,694 663 682 1,264 1,873 1,478 966 1,049 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y=+X where Y = Yearly maintenance cost in dollars and X = Age in years. b. If a section has 10 two-year-old tractors, what is the forecast for the annual maintenance cost? $ (Enter your response rounded to two decimal places.)

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter6: Target Markets: Segmentation And Evaluation

Section: Chapter Questions

Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?

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Under what conditions might a firm use multiple forecasting methods?
The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Yearly Maintenance Yearly Maintenance Age (years) Age (years) Cost ($) Cost (S) 6.5 819 8.0 1,394 5.5 1,249 2.5 363 6.5 1,233 2.5 382 7.0 695 9.0 964 6.0 923 8.0 1,573 6.0 881 3.0 1,178 7.0 1,090 3.0 666 7.0 1,722 3.0 749 7.5 1,187 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y = 365.727 + 110,721 X where Y = Yearly maintenance cost in dollars and X= Age in years. b. If a section has 20 four-year-old tractors, what is the forecast for the annual maintenance cost? $ |- (Enter your response rounded to two…
The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected: Age (years) 6.5 Yearly Maintenance Cost ($) Yearly Maintenance Age (years) Cost (S) 819 8.0 1,394 5.5 1.249 2.5 363 6.5 1,233 2.5 382 7.0 695 9.0 964 6.0 923 8.0 1,573 1,178 6.0 881 3.0 7.0 1,090 3.0 666 7.0 1,722 3.0 749 7.5 1,187 a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. (Enter your responses rounded to three decimal places and include a minus sign if necessary.) Y=D+x where Y = Yearly maintenance cost in dollars and X = Age in years.
5. The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data were collected. Age (years) 4.5 4.5 4.5 4.0 4.0 4.0 5.0 5.0 5.5 Yearly Maintenance Cost ($) 619 1,049 1,033 495 723 681 890 1,522 987 Age (years) Yearly Maintenance Cost ($) 5.0 0.5 0.5 6.0 6.0 1.0 1.0 1.0 1,194 163 182 764 1,373 978 466 549 a. Use linear regression model to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor (use Excel) b. If a section has a three-year old tractor, what is the forecast for the annual maintenance cost?
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STAT 382 (page 3 of 10)-Google Chrome arn.squ.edu.om/mod/quiz/attempt.php?attempt D17403728icmid 8666708page-2 E-LEARNING SYSTEM (ACADEMIC) me Series forecasting for Business || Spring21 Time left 0:30:09 stion The predicted monthly sales for a company over the first six months of 2010 are 360, 385, 275, 300, 312, and 307. Find the standard deviation. put of O A. 33.74 O B. 41.04 O C. 40.72 O D. 41.72 IOUS PAGE NEXT PAGE
The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 360 389 412 378 366 371 a) The forecasted demand for the week of October 12 using a 3-week moving average: to two decimal places). = pints (round your response