Question: 8) Simple linear regression can be expressed in the form D1=b0+b1t+e2. If b0=103 and b1=4 and t is measured in months, how many more units

 8) Simple linear regression can be expressed in the form D1=b0+b1t+e2.

8) Simple linear regression can be expressed in the form D1=b0+b1t+e2. If b0=103 and b1=4 and t is measured in months, how many more units are expected to be demanded a year from now? The demand is modeled using simple linear regression. Answer 9) Using the values from the previous question: Dt=b0+b1t+c2;b0=103;b1=4 and t is measured in months; for month 13 , the error was -8 units, what was the actual demand for month 13 . The demand is modeled using simple linear regression. 8) Simple linear regression can be expressed in the form D1=b0+b1t+e2. If b0=103 and b1=4 and t is measured in months, how many more units are expected to be demanded a year from now? The demand is modeled using simple linear regression. Answer 9) Using the values from the previous question: Dt=b0+b1t+c2;b0=103;b1=4 and t is measured in months; for month 13 , the error was -8 units, what was the actual demand for month 13 . The demand is modeled using simple linear regression

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