Question: Develop a linear trend equation for the following data. Then use the equation to predict the demand of period 7 and 8. - Period Demand
Develop a linear trend equation for the following data. Then use the equation to predict the demand of period 7 and 8.
| - | Period | Demand |
| 1 | 117 | |
| 2 | 126 | |
| 3 | 151 | |
| 4 | 157 | |
| 5 | 177 | |
| 6 | 172 | |
| Sum | 21 | 900 |
Sum of (Period Squared): Sum of (Period*Demand): Slope: Intercept: Forecast of Period 7: Forecast of Period 8:
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