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Domo offers a variety of products including cooking chocolate drinks and many other products. The managers are conducting a study to forecast demand. Consider the
Domo offers a variety of products including cooking chocolate drinks and many other products. The managers are conducting a study to forecast demand. Consider the following data: Year Quarter 1 1 2 Demand (Y) 75 80 92 112 100 98 13 4 1 2 2 3 85 3 4 1 2. 3 77 150 130 100 99 4 1 Using "Least Squares Method", "b" the slope of the regression line is equal to * 2.86 19.9 4.102 o 1.204 "a" y-axis intercept is equal to 81.24 O 38.518 0 26.40 O 83,513 Y equation is written as: O 48.518 + 4.102X O 81.24 + 2.86% O 40.41 - 2.17% O - O 6.04 + 10.7X Using the above equation, the value of N equals --...--- if the forecasted demand is equal to 127 16 13 15 14 The value of X computed above represents O the 3rd quarter of year 4 O the 1st quarter of year 5 the 2nd quarter of year 3 O the 4th quarter of year 4
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