SALES FORECASTING BY REGRESSION METHOD O

Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011

COST OF PRODUCTION Net Sales

X
Y
X
Y
4768.45
6838.61
22738115.4
46766586.73
5038.23
6697.49
25383761.53
44856372.3
5891.12
8721.32
34705294.85
76061422.54
6743.46
10702.39
45474252.77
114541151.7
7765.59
14493.16
60304388.05
210051686.8
8221.09
15135.41
67586320.79
229080635.9
9550.34
17458.39
91208994.12
304795381.4
10035.84
19652.53
100718084.5
386221935.4
13790.2
24348.52
190169616
592850426.2
13940.44
25021.98
194335867.4
626099483.1
15820.71
29396.35
250294864.9
864145393.3
X = 101565.47
Y=178466.15 X= 1082919560 Y= 3495470475

b = 0.7027
NOW FOR
Y = 9736 +
Y = 23790

HENCE THE

G BY REGRESSION METHOD OF TATA STEEL LTD.

XY
32609569.85
33743495.04
51378342.68
72171138.87
112547938.4
124429567.8
166733560.4
197229646.7
335770960.5
348817410.9
465071128.4
XY = 1940502759
b = 0.7027
NOW FOR THE YEAR 2012 THE COST OF PRODUCTION 20000, WILL BE WILL BE
Y = 9736 + 0.7027 * 20000
Y = 23790
HENCE THE COST OF PRODUCTION FOR YEAR 2012 = 23790

ION METHOD OF TATA STEEL LTD.

Y = a + bx
NOW THE EQUATIONS ARE :Y=na+bX ---------------- (1)
XY=aX+bX-------------- (2)
SUBSTITUTING TABLE VALUES IN EQUATION (1) & (2), WE GET
178466.15 = 11a + 101565.47 b --------(3)
1940502759 = 101565.47 a + 1082919560 b -----------(4)

SOLVING EQUATIONS (3) & (4) , WE GET

a = 9736
b = 0.7027
NOW FOR THE YEAR 2012 THE COST OF PRODUCTION 20000, WILL BE WILL BE
Y = 9736 + 0.7027 * 20000
Y = 23790
HENCE THE COST OF PRODUCTION FOR YEAR 2012 = 23790