(See Solution) John Smith has developed the following forecasting model: = 36+ 4.3X1 Where = Demand for K10 air conditioners X1 = the outside temperature
Question: John Smith has developed the following forecasting model:
= 36+ 4.3X1
Where
= Demand for K10 air conditioners
X1 = the outside temperature (°F)
- Forecast the demand for K1 when the temperature is 70 °F.?
- What is the demand for a temperature of 80 °F?
- What is the demand for a temperature of 90 °F?
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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 