Over the next few years, monthly demand for a new product is projected to follow a linear trend defined by ˆy=3+23t The starting period (t=1) of the time series is August 2020. The demand forecast for July 2022 = ?
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Given that the starting period is August 2020 and July 2022 is 24 months after August 2020. Therefore, t = 24. Show more…
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