Question: Use regression analysis For this question: Demand Forecasting. For the past 24 months the monthly demand for a particular bicycle at a sport retailer has

Use regression analysis For this question:

Demand Forecasting. For the past 24 months the monthly demand for a particular bicycle at a sport retailer has been listed in the following table. Use this data to forecast the monthly demand for the next 4 months. How confident are you about your forecast, ie., what is your estimate about the accuracy (error) in your forecast
Month Demand
Jan 52
Feb 48
Mar 56
Apr 40
May 62
Jun 70
Jul 80
Aug 70
Sep 78
Oct 85
Nov 76
Dec 78
Jan 97
Feb 93
Mar 104
Apr 107
May 138
Jun 132
Jul 113
Aug 129
Sep 121
Oct 160
Nov 157
Dec 148

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