Question: To understand if demand for a customer segment is changing over time the company tracked historical demand for one of its products as follows: Demand

  1. To understand if demand for a customer segment is changing over time the company tracked historical demand for one of its products as follows:

Demand Demand

April

60

July

60

May

55

August

80

June

75

September

75

  1. Using simple linear regression, calculate the trend line for the historical data. Let's say the X axis is April=1, May=2, and so on, while the Y axis is demand.
  2. Calculate a forecast for October using your regression formula.

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