Question: Given the following data, use least-squares regression to derive a trend equation: Period 1 2 3 4 5 6 Demand 7 8 9 7 8
Given the following data, use least-squares regression to derive a trend equation:
Period 1 2 3 4 5 6 Demand 7 8 9 7 8 11
The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):
A.) y=__+____x,
where y=Demand and x=Period.
b) Period 7 forest = ______
c) Period 12 forecast = ______
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