Fitted Line Plot for Predict Supply Chain Cost Per Unit

Use Fitted Line Plot to use one continuous predictor to predict supply chain cost per unit.

This example applies to the Supply Chain Module. For more information, go to www.minitab.com/supply-chain-module.

Example

Supply chain cost per unit is the total supply chain costs divided by the number of units sold.

In this worksheet, Supply Chain Cost/Unit ($) is the response. Number of Obsolete Items is the predictor and may explain differences in supply chain cost per unit.

C1	C2
`Supply Chain Cost/Unit ($)`	`Number of Obsolete Items`
3.90	1500
2.56	675
4.70	2075
3.49	438

How-to

Choose Solutions Modules > Functions > Supply Chain KPIs, then select Launch.
Under Costs, select Supply chain cost per unit.
Select Predict supply chain cost per unit, then click OK.
Select Fitted Line Plot, then click OK.
In Response (Y), enter the column that contains the supply chain cost per unit data. The response is also called the Y variable.
In Predictor (X), enter a column of numeric data that may explain or predict changes in supply chain cost. The predictor is also called the X variable.
Click OK.

Tip

For more information about this analysis, click Help in the main dialog box.