Solved

The Table Below Shows Annual Demand (In 100,000 Units Per  Year  Demand 19901199141992519938\begin{array} { c c } \text { Year } & \text { Demand } \\1990 & 1 \\1991 & 4 \\1992 & 5 \\1993 & 8\end{array}

Question 100

Essay

The table below shows annual demand (in 100,000 units per year) for Fridgets (they're like Widgets, only cooler). Use this information to calculate a linear trend forecasting model using regression analysis. Use your trend estimate to forecast demand for the years 1995 and 2000.
 Year  Demand 19901199141992519938\begin{array} { c c } \text { Year } & \text { Demand } \\1990 & 1 \\1991 & 4 \\1992 & 5 \\1993 & 8\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions