How much confidence do have in forecast, Operation Management

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How much confidence do have in forecast

A firm has modeled its experience with industrial accidents and found that the number of accidents per year (Y) is related to the number of employees (X) by the regression equation Y = 3.3 + 0.049*X. R-Square is 0.68. The regression is based on 20 annual observations. The firm intends to employ 450 workers next year. How many accidents do you project? How much confidence do you have in that forecast?

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Operation Management: How much confidence do have in forecast

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Operation Management: How much confidence do have in forecast

Reference No:- TGS081898

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Recent Questions Asked Operation Management

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: How much confidence do have in forecast

Reference No:- TGS081898

Recent Questions Asked Operation Management

Q : Create a virtual machine using vmware

Q : How is the time value of money relevant to accounting

Q : What purchases must have been

Q : Describe the process of proofreading

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