Question: Q2 The two experienced operation managers have resisted the introduction of a computerized linear regression forecasting system, claiming that their current forecasting tool is much

Q2 The two "experienced" operation managers have

Q2 The two "experienced" operation managers have resisted the introduction of a computerized linear regression forecasting system, claiming that their current forecasting tool is "much better than any impersonal computer could do". Table Q2 shows the weekly demand for the previous period. Perform the following: (0) Develop a linear regression model using the actual demand, and make four(4)-week forecast of production; [12] (ii) Determine the mean square error and standard error of the forecast developed in section (1) [8] 170361 page 2 of 5 Table Q2 Week Actual Demand 1 3,000 2 4,400 4,200 3 4 3,300

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