Question: Historical demand for a product is given below. The regression equation for forecasting is y = 142.21 + 6.84x (where x is time). What is

Historical demand for a product is given below. The regression equation for forecasting is y = 142.21 + 6.84x (where x is time). What is the forecast for August? (carry to 2 decimal places)

Time

Month

Demand

1

January

143.00

2

February

152.00

3

March

161.00

4

April

174.00

5

May

181.00

6

June

192.00

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