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To understand if demand for a customer segment is changing over time the company tracked historical demand for one of its products as follows: Demand
- To understand if demand for a customer segment is changing over time the company tracked historical demand for one of its products as follows:
Demand Demand
April | 60 | July | 60 | |||
May | 55 | August | 80 | |||
June | 75 | September | 75 |
- Using simple linear regression, calculate the trend line for the historical data. Let's say the X axis is April=1, May=2, and so on, while the Y axis is demand.
- Calculate a forecast for October using your regression formula.
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