a. Fit a straight line trend to the following data on demand of steel ingots ( in millions) and project the demand for the year 2009 Year 2002 2003 2004 2005 2006 2007 2008 Demand 80 84 90 93 98 100 104

a. Fit a straight line trend to the following data on demand of steel ingots ( in millions) and project the demand for the year 2009 Year 2002 2003 2004 2005 2006 2007 2008 Demand 80 84 90 93 98 100 104

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

a. Fit a straight line trend to the following data on demand of steel ingots ( in millions)
and project the demand for the year 2009
Year
2002
2003
2004
2005
2006
2007
2008
Demand
80
84
90
93
98
100
104

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