Question
In: Statistics and Probability
The accompany data shows the demand for one type of chip used in industrial equipment from...
The accompany data shows the demand for one type of chip used in industrial equipment from a small manufacturer.
| Month | New Chip Introduced | Demand |
| 1 | 0 | 3894 |
| 2 | 0 | 3489 |
| 3 | 0 | 6083 |
| 4 | 1 | 10645 |
| 5 | 0 | 7697 |
| 6 | 0 | 7711 |
| 7 | 0 | 5427 |
| 8 | 0 | 8734 |
| 9 | 1 | 13048 |
| 10 | 0 | 7271 |
| 11 | 0 | 8614 |
| 12 | 0 | 7164 |
| 13 | 0 | 7401 |
| 14 | 0 | 9689 |
| 15 | 1 | 14506 |
| 16 | 0 | 8509 |
| 17 | 0 | 12159 |
| 18 | 0 | 14696 |
| 19 | 1 | 18965 |
| 20 | 0 | 14214 |
| 21 | 0 | 14841 |
| 22 | 0 | 15304 |
| 23 | 0 | 16472 |
| 24 | 0 | 16974 |
a. Construct a chart of the data. What appears to happen when a new chip is introduced?
b. Develop a causal regression model to forecast demand that includes both time and the introduction of a new chip as explanatory variables.
c. What would the forecast be for the next month if a new chip is introduced? What would it be if a new chip is not introduced?
Solutions
orchestra answered 1 year agoRelated Solutions
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