Chapter 7:
Y variable: dependent variable (vertical)
X variable: independent variable: These are the factors or conditions that you manipulate in an
experiment. (horizontal)
The F test is used to determine the overall significance of the relationship
If p-value is lower than alpha, than the variable is significant.
Chapter 8
Exponential Smoothing Forecast
=Alpha*prior month actual value+(1 – alpha)*prior month forecast
QUADRATIC TREND
Chapter 10
Countifs and Vlookups
0% financing model
Options
Chapter 11
Worst case scenario, demand would be 0. Direct labor costs and parts costs would be the highest value
possible.
Best case scenario, costs would be the lowest value possible while demand would be the highest level
possible.