Question

Consider the following demand data for Company ABC (in thousands):
Demand
290
260
300
320
Day
1/1/2019
1/2/2019
1/3/2019
1/4/2019
1/5/2019
1/6/2019
1/7/2019
1/8/2019
1/9/2019
1/10/2019
310
300
305
260
220
280
What would be demand forecast for 15th January 2019 as per linear regression
method?
a) 230.85
b) 248.52
c) 263.67
d) Cannot be determined due to data insufficiency​

Answer 1

Answer:

248.52 is the correct answer