Question: Given the following data, use least squares regression to derive a trend equation: Period: 1 2 9 3 4 5 6 Demand: 7 9 5
Period: 1 2 9 3 4 5 6
Demand: 7 9 5 11 10 13
The least squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places)
y ^= (blank) + (blank) x , Where y ^= demand and x= period.
Period 7 forest = (bank)
Period 12 forecast = (blank)
Fill in the blanks
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Substitute the values in equation 1 Y bxa y 11OIx x 2937 Now calculate forecast for 7th period as sh... View full answer
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