Intergrated products corporation (IPC) needs to estimate its sales for next year. the most recent six years of revenue data for the company's line of XT computers is found in the table below;yearsales revenue ( millions in dollars)yearsales revenue (millions in dollars)12.4427.825.9535.9315.5638.1a) assuming that the sales data above are representative of sales expected next year, use time series regression analysis to forecast next year's (year 7's ) sales revenues.b) determine tthr correlation coefficient for the data and interprete its meaning.c) find the coefficient of determination for the data and interpret its meaning.

Answered: Intergrated products corporation (IPC)…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

Intergrated products corporation (IPC) needs to estimate its sales for next year. the most recent six years of revenue data for the company's line of XT computers is found in the table below;

year	sales revenue ( millions in dollars)	year	sales revenue (millions in dollars)
1	2.4	4	27.8
2	5.9	5	35.9
3	15.5	6	38.1

a) assuming that the sales data above are representative of sales expected next year, use time series regression analysis to forecast next year's (year 7's ) sales revenues.

b) determine tthr correlation coefficient for the data and interprete its meaning.

c) find the coefficient of determination for the data and interpret its meaning.