Consider the Prediction Equation $\hat { y }$ = 604 + 010(t)and the Data Below

question 7

Essay

Consider the prediction equation $\hat { y }$ = 6.04 + 0.10(t)and the data below. $$\begin{array} { c c } \text { Time period } & \text { Sales (y) } \\1 & 6.1 \\2 & 6.0 \\3 & 6.1 \\4 & 6.3 \\5 & 6.8 \\6 & 6.8 \\7 & 7.0 \\8 & 7.1 \\9 & 7.0 \\10 & 7.1 \\11 & 6.8 \\12 & 7.0 \\13 & 7.2 \\14 & 7.4 \\15 & 7.5\end{array}$$
-Compute the predicted value of sales for period 7 and 8.

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Definitions:

Disciplinary

Relating to or used for correction, punishment, or controlling behavior, often within an organizational environment.

Turnover Process

The sequence of steps or activities involved when an employee leaves an organization and is replaced.

Models

Models are simplified representations or frameworks used to explain complex systems or processes, aiding in understanding and prediction.

Retention Strategies

Are approaches undertaken by organizations to keep employees and reduce turnover rates.