why is linear regression analysis the most useful concept/method in a manufacturing environment?

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keosha answered 2 hours ago

Why is CVP analysis useful? Why is it an important concept in managerial accounting?

Importance of linear regression in research analysis.

Run a linear regression using Excel’s Data Analysis regression tool. Construct the linear regression equation and...

Run a linear regression using Excel’s Data Analysis regression tool. Construct the linear regression equation and determine the predicted total sales value if the number of promotions is 6. Is there a significant relationship? Clearly explain your reasoning using the regression results. Number of Promotions Total Sales 3 2554 2 1746 11 2755 14 1935 15 2461 4 2727 5 2231 14 2791 12 2557 4 1897 2 2022 7 2673 11 2947 11 1573 14 2980

1. Why is a predetermined overhead rate useful in "applying" overhead costs in a manufacturing environment?...

1. Why is a predetermined overhead rate useful in "applying" overhead costs in a manufacturing environment? Can you think of any "downside" of using a predetermined overhead to apply/allocate overhead costs to jobs/departments? http://en.wikipedia.org/wiki/Pre-determined_overhead_rate (Links to an external site.)

In a simple linear regression analysis, will the estimate of the regression line be the same...

In a simple linear regression analysis, will the estimate of the regression line be the same if you exchange X and Y? Why or why not?

Explain why learning Excel could be useful outside of the work environment. Which unit concept did...

Explain why learning Excel could be useful outside of the work environment. Which unit concept did you think was the most difficult to learn? Describe what you needed to do to clarify that concept. Add the helpful information or video link if applicable.

How is a linear regression analysis is different from a correlation analysis?

As introduced in the book, linear regression could be useful for which of the following scenarios?...

As introduced in the book, linear regression could be useful for which of the following scenarios? a-Each observation in the data consists of a single, qualitative variable. b-Each observation in the data consists of two values, one for each of two nominal variables. c-Each observation in the data comes with two values, one for each of two quantitative variables. d-Each observation in the data consists of a single, quantitative variable.

In a Financial Statement Analysis Report, what is the most useful analytical tool ? Why? In...

In a Financial Statement Analysis Report, what is the most useful analytical tool ? Why? In what capacity would you use this analytical tool in business career?

Simple Linear Regression: Suppose a simple linear regression analysis provides the following results: b0 = 6.000, b1...

Simple Linear Regression: Suppose a simple linear regression analysis provides the following results: b0 = 6.000, b1 = 3.000, sb0 = 0.750, sb1 = 0.500, se = 1.364 and n = 24. Use this information to answer the following questions. (a) State the model equation. ŷ = β0 + β1x ŷ = β0 + β1x + β2sb1 ŷ = β0 + β1x1 + β2x2 ŷ = β0 + β1sb1 ŷ = β0 + β1sb1 x̂ = β0 + β1sb1 x̂ = β0 +...

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