Question: Historical demand for a product is given below. The regression equation for forecasting isy = 2 0 1 . 6 7 - 9 . 8

Historical demand for a product is given below. The regression equation for forecasting isy =201.67-9.86x (where x is time). What is the forecast for September? (carry to 2 decimal places) Time 123456 Month January February March April May June Demand 192.00181.00174.00161.00152.00143.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!