United Colors of Benetton is facing a serious problem. The global fashion garment manufacturer and retailer is well known for its speed of new product introduction. The firm is planning to introduce its 2013 summer collection and wants to estimate demand. Demand from past years are shown below. Develop a trend equation and determine forecast for the year 2020 and 2021

Year	Demand (in millions)	Forecast (in millions)
2004	150	140
2005	170	180
2006	190	190
2007	270	290
2008	220	270
2009	150	250
2010	290	260
2011	320	280
2012	300	310

Answer rating: 100% (QA)

x y x2 x2 xy xy 1 150 11 1 1150 150 2 170 22 4 2170 340 3 190 33 9 3190 570 4 270 44 16 ... View the full answer