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.
$$\begin{array} { c c }
\text { Year } & \text { Demand } \
1990 & 1 \
1991 & 4 \
1992 & 5 \
1993 & 8
\end{array}$$

Question

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.
 $$\begin{array} { c c } 
\text { Year } & \text { Demand } \
1990 & 1 \
1991 & 4 \
1992 & 5 \
1993 & 8
\end{array}$$

Quizplus · Accepted Answer

The Answer of 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.
 $$\begin{array} { c c } 
\text { Year } & \text { Demand } \
1990 & 1 \
1991 & 4 \
1992 & 5 \
1993 & 8
\end{array}$$

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} Year 1990199119921993​ Demand 1458​

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