(Solution) - A company wants to develop a simple linear regression model -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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A company wants to develop a simple linear regression model for one of its products. Use the following 12 periods of historical data to develop the regression equation and use it to forecast the next three periods.
Period a t
1?????????.. 207
2?????????.. 193
3?????????.. 188
4?????????.. 175
5?????????.. 164
6?????????.. 154
7?????????.. 161
8?????????.. 168
9?????????.. 149
10?????????.. 137
11?????????.. 128
12?????????.. 115