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Short Case: 1 A Television manufacturing company observes that there is a relationship between Consumers Personal Income Index and the purchase of television by them.
Short Case: 1 A Television manufacturing company observes that there is a relationship between Consumers Personal Income Index and the purchase of television by them. In order to predict the demand for televisions in a city the following linear regression equation was used: Y = 1+0.25 x Where Y = Sale of television in units X = Index of consumer's disposable income a) Index of Consumer's disposable income is estimated to be Ro 500 as on 31** December 2020. With the help of economic indicators, find out the demand for television in the city for the year 2021. b) Index of Consumer's disposable income is estimated to be RO 600 as on 31" December 2021. With the help of economic indicators, find out the demand for television in the city for the year 2022
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