Question: Formulate demand forecasting equation using High-low demand foresting method by considering the following observations from 10 years data. Average House hold Income(X) Demand(Y) Highest observation

  1. Formulate demand forecasting equation using High-low demand foresting method by considering the following observations from 10 years data.

Average House hold Income(X)

Demand(Y)

Highest observation

24

180

Lowest observation

16

120

2 Explain the meaning of project with its misconception

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