=4-9 John Smith has developed the following forecasting model: Y X = + 36 4 3.
Question:
=4-9 John Smith has developed the following forecasting model:
ˆ
Y X = + 36 4 3. 1 where
ˆ
Y = Demand for K10 air conditioners X1 = the outside temperature (°F)
(a) Forecast the demand for K10 when the temperature is 70°F.
(b) What is the demand for a temperature of 80°F?
(c) What is the demand for a temperature of 90°F?
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Related Book For 
Quantitative Analysis For Management
ISBN: 9789332578692
12th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
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