Joe's One Wheel Corporation uses Regression Analysis to predict sales. Joe has developed a simple model that uses Previous Month's Skateboard Sales and Average Temperature of the Previous Month to predict next months sales. The formula that Joe has developed is:Sales = 0.63 * (Skateboard Sales) + 0.165 * (Average Temperature) If the previous months Skateboard Sales were 968 and the Average Temperature was 91, how many One-Wheels should Joe expect to sell next month (round to the nearest unit) ?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joe's One Wheel Corporation uses Regression Analysis to predict sales. Joe has developed a simple model that uses Previous Month's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Elasticity measures the behavioral response of economic agents in a given situation. Which of the following questions is likely to be answered using elasticity? a) If a business raises it prices, will that have a large or small on demand?
Answers (1)
Schaeffer Shippers announced on May 1 that it will pay a dividend of $1.20 per share on June 15 to all holders of record as of May 31st. The firm's stock price closed today at $42 a share. Assume all investors are in the 22 percent tax bracket.
Answers (1)
During August 2018 , Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13 comma 900 for cash). Ignore Cost of Goods Sold. bullet Collections on account, $ 45 comma 100.
Answers (1)
The information that managers draw from both the internal and external information systems to make decisions is called
Answers (1)
Greening refers to: a. Answer the need for more carbon dioxide in our air. b. firms acquiring more green backs (U. S. dollars) from world trade. c. finding ways to lessen the harm on our environment. d.
Answers (1)
New Questions in Business
In Year 1, Costello Company performed work for a customer and billed the customer $14,000. In Year 2, the customer pays Costello Company for the services it rendered in Year 1.
Answers (1)
What is the difference between a business model and an ebusiness model? Multiple Choice An ebusiness model details how a company creates, delivers, and generates revenue;
Answers (1)
How accurately do gdp statistics portray the economy and why?
Answers (1)
If you put $200 in a savings account that paid 5.5% simple interest each year, how much interest would you earn in five years?
Answers (1)
When aggregate demand meets aggregate supply in the horizontal portion of the aggregate supply curve, a decrease in demand will cause output to fall but no change in prices. a decrease in demand will cause prices to rise but no change in output.
Answers (1)