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Forecasting Aztec Temperatures Using a Modelling Equation

Brian Buckley has developed the following forecasting model:

y = 46 + 8.3x

where y demand for Aztec air conditioners and
x = the outside temperature (°F)

a) Forecast demand for the Aztec when the temperature is 70°F.

b) What is demand when the temperature is 80°F?

c) What is demand when the temperature is 90°F?

Round your answers to the nearest whole number; for example.

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Solution Preview


Please see response to your posting as follows.
The forecasting equation is
y = 46 + 8.3*x, where x is the outside ...

Solution Summary

Solution contains forecasting equation and calculations of demand for the Aztec at various temperature.