C Get Homew x C Elaborate CX C www.chegg X OU - Open x Assignme /Assignment%20Quantitative%20Techniques.pdf Gmail - Email from... YouTube The Mauritius Turf... f Hooves of fire prof... f Ho 4 / 4 (c) A textile firm is concerned about the continuous increase in manufacturing costs due to heavy duties on the purchase of raw-materials. The following figures provide a time-series of the cost per unit for the firm's leading product over the past eight years. Year Cost/Unit Year Cost/Unit ($) 20 ($) 27.6 1 5 2 22.5 6 30 3 24.5 7 31.5 4 26.5 8 35.5 (i) Develop the linear trend equation for this time series. (ii) Obtain a forecast of the cost/unit for years 9. (10 + 2 = 12 marks) C Get Homew x C Elaborate CX C www.chegg X OU - Open x Assignme /Assignment%20Quantitative%20Techniques.pdf Gmail - Email from... YouTube The Mauritius Turf... f Hooves of fire prof... f Ho 4 / 4 (c) A textile firm is concerned about the continuous increase in manufacturing costs due to heavy duties on the purchase of raw-materials. The following figures provide a time-series of the cost per unit for the firm's leading product over the past eight years. Year Cost/Unit Year Cost/Unit ($) 20 ($) 27.6 1 5 2 22.5 6 30 3 24.5 7 31.5 4 26.5 8 35.5 (i) Develop the linear trend equation for this time series. (ii) Obtain a forecast of the cost/unit for years 9. (10 + 2 = 12 marks)