Describe a business situation for which the data you have chosen is reasonable.

Describe a business situation for which the data you have chosen is reasonable.

Forecast demand for the next year. To accomplish this, you should use both linear regression and an index that you construct using one of the data sources above.

Write a report that describes your calculations and your conclusions. Imagine for the purposes of this report that you have been asked by your boss to provide a demand forecast, and that your boss, who does not know much about forecasting, must present it at a management meeting and must be prepared to answer questions.

Solution

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