Kwik fill up Case Study Compute the pass for Kwik Lube stations during the go bad two years victimisation trend synopsis. How accurate stinker results claim to be? With a -.01 bias and a measly tracking symbol, the forecast compend substantiates Dick Johnsons argument that the presence of competition recognise directly into Kwik Lubes profit. A trend analysis was conducted and projects gross revenue in the occur of $1,419,445 and $1,530,445 for 2006 and 2007, respectively. Comparing the gross sales forecast to actual sales, this results in a bolshie of $309,445 in 2006 and $420,445 in 2007. [pic] Now, use the info in Table 1 and regression analysis, to compute the outrage for Kwik Lube stations during the decision two years. How accurate bay window results claim to be? |(untitled) Summary | |Measure |Value | | hallucination Measures |Â | |Bias (Mean computer error) |0 | |MAD (Mean Absolute Deviation) |29611.49 | |MSE (Mean Squared Error) |1284291000 | | monetary standard Error (denom=n-2-0=6) |41381.01 | |MAPE (Mean Absolute Percent Error) |.03 | |Regression line |Â | |Dpndnt var, Y = 89527.
02 |Â | |+ 2.78 * X1 |Â | |Sta tistics ! |Â | | coefficient of correlation coefficient |.99 | |Coefficient of determination (r^2) |.97 | Was it worth $30,000 to perform the marketing seek that obtained the data in Table 1? If you were trying to pay game if the return on the investment of $30,000 was worth the monetary loss alone, the answer is no. However, the information validates the statistical cast implant solely on the owners franchises data. This purchased data and the results prove that the results of the initial puzzle werent rigged or otherwise altered to make...If you want to loll around a full essay, order it on our website:
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