Question: Given the following data, use least-squares regression to derive a trend equation: 1 4 2 11 8 Period 3 5 6 Demand 10 13 11

Given the following data, use least-squares

Given the following data, use least-squares regression to derive a trend equation: 1 4 2 11 8 Period 3 5 6 Demand 10 13 11 12 The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places): = 8.53 + .66 x where = Demand and x = Period. What is your estimate of the demand in period 7? Estimated demand in period 7 is (round your response to two decimal places)

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