John Smith has developed the following forecasting model: Y = 36 + 4.3X1 Where Y = Demand
Question:
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
Quantitative Analysis For Management
ISBN: 162
11th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
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