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Exhibit 11.9
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using a linear trend model. The store has collected 12 quarters of data and needs your help to analyze the data. The relevant regression output is in the following table.
-Refer to Exhibit 11.9. What is the Input Y Range in the Regression command settings dialog box?
Process
A series of actions, changes, or functions that bring about a result, often related to manufacturing, business operations, or scientific research.
Natural Variation
The inherent fluctuations in the characteristics or performance of processes or systems over time.
Capable
Refers to the ability or capacity of something or someone to achieve a particular task or goal.
X-bar And R-charts
Tools used in statistical process control; the X-bar chart monitors the mean of a process whereas the R-chart monitors the range or dispersion.
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