Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number Week Number 1 330 7 375 13 570 2 340 8 425 14 575 3 350 9 475 15 595 4 340 10 465 16 605 5 350 11 515 17 615 6 355 12 565 18 625 a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 2 decimal places.) YˆY^ = + t b. Use the above trend equation to predict expected loadings for Weeks 20 & 21. (Round your final answers to 2 decimal places.) The forecasted demand for Week 20 is and for Week 21 is . c. The manager intends to install new equipment when the volume exceeds 910 loadings per week. Assuming the current trend continues, in which week (at the earliest) should the loading volume reach that level? (Use the rounded answers, as required, from any previous part of this problem. Do not round any other intermediate calculations. Round your final answer to 2 decimal places.) It should reach 910 loadings in Week .

a)
Linear trend y = a+bx
a = intercept
b = slope
x = time period
y = forecast for demand for period x
b = (?.ry _ nzy)/(? r2 _ nz?)
a=bar{y}-bbar{x}
n = no of peiods
bar{x}=sum x/n = the mean of the x values
bar{y}=sum y/n = the mean of the y values
https://d2vlcm61l7u1fs.cloudfront.net/media%2Fad2%2Fad2ad76c-fe5f-4ed4-86f8-f0f614da2a4a%2FphpacyyOz.png
Slope b = (90465-(18*470.56*9.5))/(2109-(18*9.5*9.5)) = 10000/484.5 = 20.64
Intercept a = 470.56 – (20.64*9.5) = 274.48
Y = 274.48 + 20.64x
b)
Forecast for week 20 and 21
Y (x= 20) = 274.48 + 20.64* 20
= 687.28
Y (x= 21) = 274.48 + 20.64* 21 = 707.92
c)
Y =910
910 = 274.48 +20.64*x
x = 30.79 week
It should reach 910 loadings in Week 30.79 week
 
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