Required informaan [The foilowing information applies to the questions oispiayed below] Lexon Inc. is a large manufacturer of affordable DVD players....
Lexon Lnc. is a large manufacturer of affordable DVD players.
Required informafian [The foilowing information applies to the questions oispiayed below] Lexon Inc. is a large manufacturer of affordable DVD players. Management recently became aware of rising expensesresulting from returns of malfunctioning products. As a starting point for further analysis, Paige Jennings, the controller,wants to test different forecasting methods and then use the best one to forecast quarterly expenses for 2019. Therelevant quarterly data for the previous three years follow: 2916 Return 2913' Return 2818 ReturnQuarter Expenses Quarter Expenses Quarter Expenses1 $ 12,259 1 $ 12,?99 1 $ 13,198 2 11,189 2 11,999 2 12,199 3 11,489 3 11,599 3 11,999 4 13,589 4 13,399 4 14,499 The result ofa simple regression analysis using all 12 data points yielded an intercept of $11,637.88 and a coefficient forthe independent variable of $128.15. {R—squared = 0.45, SE = $972.32.) Required:1. Plot the data in the order of the dates. [To earn full credit for this graph you must plot all required points for each curve. Whileplaning the points a tool icon will pop up. You can use this to enter exact car-ordinates for your points as needed.)
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