Historical demand for a product is given below. The regression equation for forecasting is y = 132.67

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Historical demand for a product is given below. The regression equation for forecasting is

y = 132.67 + 9.86x (where x is time). What is the forecast for July?

(carry to 2 decimal places)

Time	Month	Demand
1	January	143.00
2	February	152.00
3	March	161.00
4	April	174.00
5	May	181.00
6	June	192.00

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Managerial Economics and Business Strategy

ISBN: 978-0071267441

7th Edition

Authors: Michael R. baye

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Posted Date: Mar 21, 2023 06:12 AM

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Historical demand for a product is given below. The regression equation for forecasting is y = 132.67

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Managerial Economics and Business Strategy

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