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    9. John smith has developed the following forecasting model:
    Y= 36+4.3X
    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?

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    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.