Question: se simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the
se simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the independent variable, X, is the month. For January, let
X=1;
for February, let
X=2;
and so on.
The forecasting model is given by the equation
Y=enter your response here+enter your response hereX.
(Enter your responses rounded to two decimal places.
)
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