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The accompanying data shows the demand for one type of chip used in industrial equipment from a small manufacturer. a. Construct a chart of
The accompanying data shows the demand for one type of chip used in industrial equipment from a small manufacturer. a. Construct a chart of the data. What appears to happen when a new chip is introduced? b. Develop a causal regression model to forecast demand that includes both time and the introduction of a new chip as explanatory variables c. What would the forecast be for the next month if a new chip is introduced? What would it be if a new chip is not introduced? Click here to view the demand data
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