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Statistical Analysis Report Southern New Hampshire University Student’s Name September 28 2017 Introduction Part I. Case Scenario The Cat Corporation Company sells transformers in which every month the manager is required to predict the total number of transformers needed to meet the market demand. Mainly the corporation uses the sales figures for the last two months or the sales from the previous financial years for the same period to predict the number of transformers required to meet the demand for the particular month. However before comparing the level of demand for the said period the firm usually have to establish whether their current stock can meet the normal demand levels. However the company has realized that this method is not giving accurate numbers and as a result the operations manager has been tasked to develop an analysis of data and present a report and recommendations to the problem of establishing the relationship between the sales of the company’s sales of refrigerators and demand for consumers. Mainly the organization wants to determine whether there is a linear correlation between the sales of refrigerators and the demand for transformers. Additionally the firm wants to find out the magnitude of the sale of refrigerators (predictor) on demand for transformers Dependent (factor). After conducting a regression analysis and identifying the coefficients of the variables the organization will consequently establish the mathematical relationship between the variables and finally understand how the sale of refrigerators influences the demand for transformers (Gujarati 2015) Thus with an accurate model for projecting the sales the A-Cat will can predict with certainty the number of transformers they need at any particular and adjust according to the changes in demand. References Gujarati D. N. (2015). Econometrics by example. Houndmills Basingstoke Hampshire: Palgrave Macmillan. [...]
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Please read addendum attached below and follow the rubric for analysis report needs to be 3 pages.
Subject Area: Statistics
Document Type: Research Paper
