Acompany wanted to estimate the market growth potential for a beverage in countryx, for which it had inadequate sales figures, but the company had excellent beverage data for neighboring country y. in country y, per capita consumption is known to increase at a predictable ratio as per capita gross domestic product (gdp) increases. if per capita gdp is known for country x, per capita consumption for the beverage can be estimated using the relationships established in country y. this is an example of which of the following methods of forecasting? a. probabilistic forecastingb. reference class forecastingc. expert opiniond. analogye. linear regression

The new york stock exchange is an example of what type of stock market?

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

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