Amazon has introduced new Kindle HD six months ago. The following table shows the demand figures for
QUESTION
Amazon has introduced new Kindle HD six months ago. The following table shows the demand figures for this product (25 in the first month means 25000 units) in the past six months:
(a) Compute the values of the intercept a and the slope b from the regression equations.
(b) Using regression analysis, forecast the demand for the product in Months 7 and 8.
Month
1
2
3
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