Question: The company is considering changing its forecasting technique. Using the following data, determine the forecast for period 11 using linear regression based upon actual demand.
The company is considering changing its forecasting technique. Using the following data, determine the forecast for period 11 using linear regression based upon actual demand. Note that your answer must be an integer. (NOTE: the data for this item may be similar, but different than that for other items, never assume the same data is used between questions, each item is randomly selected from a question data base) Hint: answers should be in the two hundreds. Period 1 2. 3 4 5 6 7 8 9 10 Actual Old Mktg Demand Forecast 132 127 141 130 137 133 159 135 146 139 162 144 176 149 185 155 204 161 191 169
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