John Smith has developed the following forecasting model: Y = 36 + 4.3X1 Where Y = Demand

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John Smith has developed the following forecasting model:

Y = 36 + 4.3X1

Where

Y = Demand for K10 air conditioners

X1 = the outside temperature (◦F)

(a) Forecast the demand for K10 when the temperature is 70°F.

(b) What is the demand for a temperature of 80°F?

(c) What is the demand for a temperature of 90°F?


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Related Book For  answer-question

Quantitative Analysis for Management

ISBN: 978-0132149112

11th Edition

Authors: Barry render, Ralph m. stair, Michael e. Hanna

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