PRODUCT PRICES (X) DEMAND (Y)

300 50
250 70
175 77
450 42
350 48
650 25
800 17
450 42
500 32
620 24
750 14 Demand Forecast

MEAN 42.7
MEDIAN 42
MODE 42

Data-> Data Analysis -> Correlation

Correlation (Strong -ve)
PRODUCT PRICES (X)
PRODUCT PRICES (X) 1
DEMAND (Y) -0.9633871388

Scatter Plot Insert-> Charts -> Scatter Plot

DEMAND (Y)
90
80
70
60 f(x) = - 0.0960966924x + 86.3483623806
R² = 0.9281147791
Demand (Y)

50 DEMAND (Y)
40 Linear (DEM
30
20
10
0
100 200 300 400 500 600 700 800 900
Product Prices (X)
 SLOPE (m) -0.0958582305
INTERCEPT 86.2675657688
VARIANCE (X) 37980.277777778
VARIANCE (Y) 382.4555555556
ST DEV (X) 194.8852938982
ST DEV (Y) 19.5564709382
COEFF CORREL -0.9552520741
EQUATION 14.373892883

FORECAST()

Data-> Data Analysis -> Descriptive Statistics

Descriptive Statistics
PRODUCT PRICES (X)
DEMAND (Y)
Mean 454.5
1 Standard Error 61.628141119
Median 450
Mode 450
Standard Deviation 194.8852939
Y) Sample Variance 37980.277778
Kurtosis -0.555922682
Skewness 0.3401127632
Range 625
Minimum 175
DEMAND (Y) Maximum 800
Linear (DEMAND (Y)) Sum 4545
Count 10
Largest(1) 800
Smallest(1) 175
800 900 Confidence Level(95.0%) 139.41254058
iptive Statistics

DEMAND (Y)

Mean 42.7
Standard Error 6.184299116
Median 42
Mode 42
Standard Deviation 19.556470938
Sample Variance 382.45555556
Kurtosis -0.440402096
Skewness 0.5747791892
Range 60
Minimum 17
Maximum 77
Sum 427
Count 10
Largest(1) 77
Smallest(1) 17
Confidence Level(95.0%) 13.989856513
 No. Of Emp (X) Productivity (Y)
300 545
290 450
310 600
310 600
210 390
250 410
270 430
Total 1940
Average 277.1428571429
Std Dev 36.8394198807
Slope 2.1228070175
Intercept -99.0350877193
VARIANCE (X) 1357.142857143
VARIANCE (Y) 8136.904761905
Median
Mode
CORREL 0.8669492612
Using Equation FORECAST for X=450 450 Y=a+bx
Using FORECAST() FORECAST for X=450 450 484
962.3684