(Solved):
Click here for the Excel Data File a. Determine a linear trend line for expected freight car loadi ...
Click here for the Excel Data File a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 2 decimal places.) b. Use the above trend equation to predict expected loadings for Weeks 20 \& 21 . (Round your final answers to 2 decimal places.) c. The manager intends to install new equipment when the volume exceeds 870 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.)
We find the trendline equation using an Excel trend chart as shown below: We first update the values given in the question as shown below: We insert a Trendline chart from Excel as shown