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Month Number of Oil Changes January 4 2 February 4 7 March 5 0 April 4 9 May 6 0 June 4 6 July 6
Month Number of Oil Changes
January
February
March
April
May
June
July
August
Use simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y is monthly demand and the independent variable, X is the month. For January, let X; for February, let X; and so on
The forecasting model is given by the equation Y enter your response here enter your response hereX. Enter your responses rounded to two decimal places.
Part
b Use the model to forecast demand for September, October, and November. Here, X and respectively. Enter your responses rounded to two decimal places.
Forecast for the number of Oil Changes
September enter your response here
October enter your response here
November enter your response here
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