Robert Sparrow Has Developed the Following Forecasting Model

question 74

Short Answer

Robert Sparrow has developed the following forecasting model:
ŷ = 36 + 4.3x
where ŷ = demand for the air conditioners
x = the outside temperature
A) Forecast demand for air conditioners when temperature is 70
B) What is the demand when temperature is 80
C) What is the demand when temperature is 90

• A) Forecast demand for air conditioners when temperature is 70
• B) What is the demand when temperature is 80
• C) What is the demand when temperature is 90

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