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Given the following data, use least squares regression to derive a trend equation: Period: 1 2 3 4 5 6 Demand: 9 11 8 12
Given the following data, use least squares regression to derive a trend equation:
Period: 1 2 3 4 5 6
Demand: 9 11 8 12 14 14
The least squares regression equation that shows the best relationship between demand and period is ( round your responses to two decimal places)
y ^= (blank) + (blank) x , Where y ^= demand and x= period.
Period 7 forest = (bank)
Period 12 forecast = (blank)
Fill in the blanks
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