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Gunveen Gunveen
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Posts: 294
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5 years ago
Pearson Education is interested in forecasting demand for the upcoming 14th edition of their most popular book, Introduction to Management Science by Bernard Taylor. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.

MonthActual Demand (millions)
7th Edition20
8th Edition25
9th Edition30
10th Edition32
11th Edition37
12th Edition46
13th Edition57

Using 1 to represent the 7th edition, 2 to represent the 8th edition, and so on, what is the intercept for the regression equation that predicts the popularity of the 14th edition?

• 5.71

• 12.42

• 9.55

• 14.87
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
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Hammed1991Hammed1991
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Posts: 180
5 years ago
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