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Formulate demand forecasting equation using High-low demand foresting method by considering the following observations from 10 years data. Average House hold Income(X) Demand(Y) Highest observation
- Formulate demand forecasting equation using High-low demand foresting method by considering the following observations from 10 years data.
| Average House hold Income(X) | Demand(Y) |
Highest observation | 24 | 180 |
Lowest observation | 16 | 120 |
2 Explain the meaning of project with its misconception
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