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Given the following data, use least-squares regression to derive a trend equation: The least-squares regression equation that shows the best relationship between demand and period
Given the following data, use least-squares regression to derive a trend equation: The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places) y^=1+x where y^= Demand and x= Period What is your estimate of the demand in period 7 ? Estimated demand in period 7 is (round your response to two decimal places). What is your estimate of the demand in period 12? Estimated demand in period 12 is (round your response to two decimal places)
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