Question
John Smith has developed the following forecasting model: Y=36+4.3X where Y=Demand for K10 air conditioners X=the outside temperature (F) (a) Forecast the demand for K10
John Smith has developed the following forecasting model:
Y=36+4.3X
where
Y=Demand for K10 air conditioners
X=the outside temperature (F)
(a) Forecast the demand for K10 when the temperature is 70 degrees F?
(b) What is the demand for a temperature of 80 degrees F?
(c) What is the demand for a temperature of 90 degrees F?
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
