Question: Given the following data, use least-squares regression to derive a trend equation. What is your estimate of the demand in period 7? In period 12?

Given the following data, use least-squares regression to derive a trend equation. What is your estimate of the demand in period 7? In period 12?

PERIOD DEMAND 1 7 2 9 m 5 4 11 5 10

PERIOD DEMAND 1 7 2 9 m 5 4 11 5 10 6 13

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