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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