he following is a 7-month-demand-history for a certain product. Assuming that linear trend appears, develop the equation of regression line. Round values of coefficients to two decimal places. Use the equation to prepare a forecast for December 2004.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 6E
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The following is a 7-month-demand-history for a certain product.

  1. Assuming that linear trend appears, develop the equation of regression line. Round values of coefficients to two decimal places.
  2. Use the equation to prepare a forecast for December 2004.
Month
Period (X) Demand (Y)
January '04
February
300
2
325
March
3
468
426
April
May
June
4
621
554
July
543
567
Transcribed Image Text:Month Period (X) Demand (Y) January '04 February 300 2 325 March 3 468 426 April May June 4 621 554 July 543 567
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