As Yet Another Earthquake Rattled His China Cabinet, the Data

question 26

Essay

As yet another earthquake rattled his china cabinet, the data scientist vowed to once and for all determine whether hydraulic fracturing (where water is injected into the earth)was predictive of the number of earthquakes in the region. Using the data below, develop a regression equation and calculate the MAD and MAPE.
$$\begin{array} { | c | c | } \hline \text { Injections } & \text { Earthquakes } \\\hline 137 & 682 \\\hline 331 & 833 \\\hline 360 & 905 \\\hline 442 & 1008 \\\hline 478 & 1482 \\\hline 529 & 1742 \\\hline\end{array}$$

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Definitions:

MRP

Material Requirements Planning is a methodology used to determine the materials and components required to produce a product.

Smaller Buckets

A term used in project management and process optimization, referring to breaking down tasks or storage needs into smaller, more manageable units.

Lot-For-Lot Ordering

A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.

MRP Plan

Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.