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  3. 1.      the demand data for a product over th

1.      The demand data for a product over the past 5 months are shown below: MONTH DEMAND (number of units...

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General Management

1.      Thedemand data for a product over the past 5 months are shownbelow:

MONTH

DEMAND

(number of units sold)

Five months ago

51

Four months ago

58

Three months ago

63

Two months ago

71

Last month

77

a.      Plotthe monthly demand data using a software OR on a sheet of graphpaper.

b.      UseTREND PROJECTIONS method to determine the equation of the trendline estimating the linear relationship between time (inmonths) and demand (in units sold).

c.      Usethe equation of the trend line to predict demand for THISMONTH.

Answer & Explanation Solved by verified expert
4.2 Ratings (578 Votes)
a monthMONTHDEMANDnumber of units sold1Five months ago512Four months ago583Three months    See Answer
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