Explore BrainMass

Explore BrainMass

    Forecasting model

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    9. John smith has developed the following forecasting model:
    Y= 36+4.3X
    where
    Y= demand for 10K air conditioners
    X= the outside temperature
    a) Forecast the demand for 10K when the temperature is 70F?
    b) What is the demand for a temperature of 80F?
    c) What is the demand for a temperature of 90F?

    © BrainMass Inc. brainmass.com June 3, 2020, 9:02 pm ad1c9bdddf
    https://brainmass.com/business/business-management/forecasting-model-163862

    Solution Preview

    Hi,

    Please see response to your posting as explained below.
    The forecasting equation is
    Y = 36 + 4.3*X, where X is the outside temperature in F.

    a) Forecast the ...

    Solution Summary

    Solution contains calculation of demand at various temperatures.

    $2.19

    ADVERTISEMENT