I'm trying to establish a formula to predict output based on some sample data.
We produce items of different sizes... Small, Medium, Large. Also, we use sometimes a different number of employees to produce the items.
I would like to end up with some formula such as:
1.4 x SML + 1.1 x MED + 0.6 x LRG = Predicted Output
Is it regression that I need to do this? It's been a while since I used that, so I'm not sure if it works when adding together the input variables always equals the output. I'm just looking for the relationship between them. If possible, I'd like to see how the number of employees affects it as well.
Any help is greatly appreciated!
Here's some sample data:
Small Medium Large People Total Pieces
1057 52 54 14.5 1163
360 32 412 15 804
1644 0 0 15 1644
1080 17 0 14.5 1097
540 520 0 15.5 1060
690 238 48 14.5 976
1128 187 12 15 1327
900 614 0 14.5 1514
1600 228 0 16 1828
27 780 0 13 807
0 940 0 14 940
1060 41 10 15 1111
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