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Microsoft® Excel® 2010: Data Analysis and Business Modeling
book

Microsoft® Excel® 2010: Data Analysis and Business Modeling

by Wayne L. Winston
January 2011
Beginner to intermediate content levelBeginner to intermediate
720 pages
23h 29m
English
Microsoft Press
Content preview from Microsoft® Excel® 2010: Data Analysis and Business Modeling

Chapter 49. Estimating Straight Line Relationships

Questions answered in this chapter:

  • How can I determine the relationship between monthly production and monthly operating costs?

  • How accurately does this relationship explain the monthly variation in plant operating costs?

  • How accurate are my predictions likely to be?

  • When estimating a straight line relationship, which functions can I use to get the slope and intercept of the line that best fits the data?

Suppose you manage a plant that manufactures small refrigerators. National headquarters tells you how many refrigerators to produce each month. For budgeting purposes, you want to forecast your monthly operating costs and need answers to the questions that are the focus of this chapter.

Every business ...

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Publisher Resources

ISBN: 9780735656864Purchase book