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LabMed's provides medical laboratory services. The managers are interested in forecasting the number of blood analysis requests per week. There has been a national

LabMed's provides medical laboratory services. The managers are interested in forecasting the number of blood

LabMed's provides medical laboratory services. The managers are interested in forecasting the number of blood analysis requests per week. There has been a national increase in requests for standard blood tests. The arrivals over the next 16 weeks are given in the following table. Use trend projection with regression to make the forecasting for the next 4 periods? Calculate the CFE, MSE, MAD, MAPE and any other way to evaluate the forecasting? Week(X) 1 2 3 4 5 6 7 8 9 10 11 12 13. 14 15 16 Arrivals(Y) 26 27 40 37 42 53 42 57 61 55 55 54 52 60 65 75

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To forecast the number of blood analysis requests per week for LabMed using trend projection with regression well first need to calculate the linear regression The linear model can be represented as Y ... blur-text-image

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