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A company wishes to predict their future labor expense given the historic correlation

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Question;A company wishes to predict;their future labor expense given the historic correlation between labor and;sales. Previously the relationship looked like;Sales Labor;2009;$500,000 $100,000;2010;475,000 93,000;2011;525,000 110,000;2012;550,000 115,000;2013 600,000;130,000;2014 641,000;X;Given the data above, what;can be expected for a labor expense in 2014?

 

Paper#61879 | Written in 18-Jul-2015

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