Question: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule
Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for smaller numbers less than 1.
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 |
a) Sum of (Period Squared): _______ b) Sum of (Period*Demand): _______ c) Slope: _______ d) Intercept: ______ e) Forecast of Period 7: _______ f) Forecast of Period 8: _______
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