Question: 6. (SHOW YOUR COMPLETE WORK) The demand data for a new product over the past six weeks are shown below: WEEK DEMAND (number of units)

6. (SHOW YOUR COMPLETE WORK) The demand data for a new product over the past six weeks are shown below: WEEK DEMAND (number of units) Six weeks ago 250 Five weeks ago 239 Four weeks ago 238 Three weeks ago 229 Two weeks ago 226 One week ago 222 (3) a. Plot the weekly demand data using a software OR on a sheet of graph paper. b. Use TREND PROJECTIONS method to determine the equation of the trend line estimating the linear relationship between time (in weeks) and demand in units). [20] c. Use the equation of the trend line to predict demand for THIS WEEK. [2] (Hint: 'Six weeks ago' will have a value of 'l' in the equation of the trend line, and by the same logic "One week ago' will have a value of '6' in the equation of the trend line.)

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