Question: Given the following data, use least-squares regression to derive a trend equation: Period 1 2 3 4 5 6 Demand 10 11 7 7 9

Given the following data, use least-squares regression to derive a trend equation:

Period

1

2

3

4

5

6

Demand

10

11

7

7

9

13

Part 2

The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):

y=8.59 + 0.26x,

where

y=Demand

and

x=Period.

Part 3

What is your estimate of the demand in period 7?

Estimated demand in period 7 is

enter your response here

(round your response to two decimal places).

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