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Given the following data, use least-squares regression to derive a trend equation: 1 3 Period Demand 8 where y = Demand and x = Period. 2 9 7 4 8 5 9 6 13 The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):

Given the following data, use least-squares regression to derive a trend equation: 1 3 Period Demand 8 where y = Demand and x = Period. 2 9 7 4 8 5 9 6 13 The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Given the following data, use least-squares regression to derive a trend equation: Period Demand 1 8 where y = Demand and x = Period. 2 9 3 7 4 8 5 9 O 6 13 The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places): >=0+0x.
Transcribed Image Text:Given the following data, use least-squares regression to derive a trend equation: Period Demand 1 8 where y = Demand and x = Period. 2 9 3 7 4 8 5 9 O 6 13 The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places): >=0+0x.
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