Question: Simple linear regression can be expressed in the form Dt = b0 + b1t + et. If b0 = 103 and b1 = 4 and

Simple linear regression can be expressed in the form Dt = b0 + b1t + et. If b0 = 103 and b1 = 4 and t is measured in months, how many more units are expected to be demanded a year from now? The demand is modeled using simple linear regression.

Using the values from the previous question: Dt = b0 + b1t + et; b0 = 103; b1 = 4 and t is measured in months; for month 13, the error was -8 units, what was the actual demand for month 13. The demand is modeled using simple linear regression.

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