Question: A manager uses this equation to predict demand: Y = 20 + 4t. Over the past 8 periods, demand has been as follows: Time t...Forecasted

A manager uses this equation to predict demand: Y

A manager uses this equation to predict demand: Y = 20 + 4t. Over the past 8 periods, demand has been as follows: Time t...Forecasted Demand...Actual Demand........Error 1 24.................. 25... A/ 2.............. 28 28.......... A/ 3.............. 32... 31.... A/ 4. 36. 36............ A/ 5... 40 41... A/ 6... 44 44...... A 7 48 47. A/ 8 52 52 A/ Do the forecasting errors appear to be Random? Enter Yes or No

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