Question: 2. Using the following data: 8 122 9 10 11 80 75 90 Month LCD Sold (Hundreds) Unemployment Rate (%) 70 90 60 69 7.0

2. Using the following data: 8 122 9 10 11 80 75 90 Month LCD Sold (Hundreds) Unemployment Rate (%) 70 90 60 69 7.0 9.0 7.9 As the Operations Manager at Gemini Designs you are requested to forecast the LCD sales based on the data in the table. It is assumed that the number of LCD sold is directly related to the unemployment rate. a) Determine the linear equation. (10 marks) b) Determine the forecast if unemployment rate is 8.17% (5 marks) 2. Using the following data: 8 122 9 10 11 80 75 90 Month LCD Sold (Hundreds) Unemployment Rate (%) 70 90 60 69 7.0 9.0 7.9 As the Operations Manager at Gemini Designs you are requested to forecast the LCD sales based on the data in the table. It is assumed that the number of LCD sold is directly related to the unemployment rate. a) Determine the linear equation. (10 marks) b) Determine the forecast if unemployment rate is 8.17%

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