Question: Given the following data, use least-squares regression to derive a trend equation: Period 1 2 3 4 5 6 Demand 10 12 8 13 11
Given the following data, use least-squares regression to derive a trend equation:
| Period | 1 | 2 | 3 | 4 | 5 | 6 |
| Demand | 10 | 12 | 8 | 13 | 11 | 15 |
The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):
y=nothing+nothingx,
where
y=Demand
and
x=Period.
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