Question: John Smith has developed the following forecasting model: ^ Y = 36 + 4.3X1 where ^ Y = demand for air conditioners X1 = the

John Smith has developed the following forecasting

model:

^

Y = 36 + 4.3X1

where

^

Y = demand for air conditioners

X1 = the outside temperature (F)

(a) Forecast the demand for air conditioners when the temperature is 70F.

(b) What is the demand for a temperature of 80F?

(c) What is the demand for a temperature of 90F?

(d) What is the demand for a temperature of 30F?

(d) What is the outside temperature if you have 500 air conditioner sales?

Use Excel to calculate your answers.

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 Mathematics Questions!

Q:

John Smith has developed the following forecasting model: Y=36+4.3X where Y=Demand for K10 air conditioners X=the outside temperature (F) (a) Forecast the demand for K10 when the temperature is 70...

Q:

Could you please type out the answer. I find it impossible to read people's scribbles on here! 4-9 John Smith has developed the following forecasting model: Y = 36 +4.3X where demand for K10 air...

Q:

John Smith has developed the following forecasting model: Y = 36+4.3X1 Where Y = Demand for K10 air conditioners X1= The outside temperature (F) (a) Forecast the demand for K10 when the temperature...

Q:

=4-9 John Smith has developed the following forecasting model: Y X = + 36 4 3. 1 where Y = Demand for K10 air conditioners X1 = the outside temperature (F) (a) Forecast the demand for K10 when the...

Q:

4 - 9 John Smith has developed the following forecasting model: widehat ( Y ) = 3 6 + 4 . 3 x 1 where widehat ( Y ) = demand for K 1 0 air conditioners x 1 = the outside temperature ( F ) a ....

Q:

Question 1 ( 3 points ) 4 - 9 ( a ) . John Smith has developed the following forecasting model: hat ( Y ) = 3 6 + 4 . 3 x 1 where hat ( Y ) = demand for K 1 0 air conditioners x 1 = the outside...

Q:

4 - 9 ( b ) . John Smith has developed the following forecasting model: hat ( Y ) = 3 6 + 4 . 3 x 1 where hat ( Y ) = demand for K 1 0 air conditioners x 1 = the outside temperature ( . F ) b ....

Q:

4 - 9 John Smith has developed the following forecasting model: Y ^ = 3 6 + 4 . 3 X 1 Where Y ^ = Demand for K 1 0 air conditioners X 1 = the outside temperature ( \ deg F ) ( a ) Forecast the demand...

Q:

John Smith has developed the following forecasting model: = 3 6 + 4 . 3 X 1 where = demand for K 1 0 air conditioners X 1 = the outside temperature ( F ) c . What is the demand for a temperature of 9...

Q:

Help Me Do it through Excell thanks! 4-9 John Smith has developed the following forecasting model: Y=36+4.3X1 where YX1=demandforK10airconditioners=theoutsidetemperature(F) a. Forecast the demand for...

Q:

Using spherical coordinates, obtain an expression for j for the ground and excited states of the hydrogen atom. Show, in particular, that for m1 0 states, there is a circulating flux in the sense...

Q:

The Kb for methylamine (CH3NH2) at 25C is given in Appendix D. (a) Write the chemical equation for the equilibrium that corresponds to Kb. (b) By using the value of Kb, calculate G for the...

Q:

Westbrooks painting co . Plans to issue a $ 1 , 0 0 0 par value, 2 0 year noncallable bonds with a 7 . 0 0 % annual coupon, paid semiannually trading now at $ 1 , 0 4 5 . 7 5 . The company s marginal...

Q:

You will find cite and summarize a business article that illustrates some chater content for learning unit chapter 1 1 & 1 2 from the book HRTM 1 1 0 0

Q:

What is the concept of assessment of entrepreneurial readiness?

Q:

A resort hotel is to be located in a mountain area near a major highway about 150 miles from the closest town or city. What sources of demand might you consider in a feasibility study for this...

Q:

In what way might a change in the depreciation method used affect the projected cash flow figures in a feasibility study? LO1