Question

In: Operations Management

Here is the data on the number of dog bites seen in the emergency department (ED)...

Here is the data on the number of dog bites seen in the emergency department (ED) each season for the past 4 years.

Season

2016

2017

2018

2019

Winter

108

100

101

110

Spring

95

96

94

87

Summer

120

117

117

120

Fall

80

79

77

75

Apply the Least Square Regression model studied in class to forecast demand for the four seasons of the upcoming year (2020).

Hint: Review the Excel spreadsheet we used in class to set up the columns and calculations.

Solutions

Expert Solution

Below is the screenshot of the regression analysis performed in excel as mentioned in Hint -

From above -

Intercept = 103.075

Slope = -0.5382

Regression Equation - Number of Dog Bites (YT) = 103.075 - 0.5382T

For 2020 Winter, T = 17

For 2020 Spring, T = 18

For 2020 Summer, T = 19

For 2020 Fall, T = 20

Y17 = 103.075 - 0.5382*17 = 93.9256

Y18 = 103.075 - 0.5382*18 = 93.3874

Y19 = 103.075 - 0.5382*19 = 92.8492

Y20 = 103.075 - 0.5382*20 = 92.311


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