Business Homework Solutions
#163862
John smith has developed the following forecasting model
9. John smith has developed the following forecasting model:
Y= 36+4.3X
where
Y= demand for 10K air conditioners
X= the outside temperature
a) Forecast the demand for 10K when the temperature is 70F?
b) What is the demand for a temperature of 80F?
c) What is the demand for a temperature of 90F?
Solution contains calculation of demand at various temperatures.
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