Renton Industries makes replacement parts for the automobile industry. As part of the company's capacity planning, it needs a long-range total demand forecast. The following information was generated based on 10 years of historical data on total number of parts sold each year. Based on this information, the percent of variation in the number of parts sold that is explained by the linear trend model is approximately 90.9.

Question

Renton Industries makes replacement parts for the automobile industry. As part of the company's capacity planning, it needs a long-range total demand forecast. The following information was generated based on 10 years of historical data on total number of parts sold each year.  Based on this information, the percent of variation in the number of parts sold that is explained by the linear trend model is approximately 90.9.

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The Answer of Renton Industries makes replacement parts for the automobile industry. As part of the company's capacity planning, it needs a long-range total demand forecast. The following information was generated based on 10 years of historical data on total number of parts sold each year.  Based on this information, the percent of variation in the number of parts sold that is explained by the linear trend model is approximately 90.9.

Renton Industries Makes Replacement Parts for the Automobile Industry