Math Problem Statement
The following are historical demand data:
YEAR SEASON ACTUAL DEMAND 2011 Spring 204 Summer 150 Fall 372 Winter 585 2012 Spring 475 Summer 281 Fall 693 Winter 953
Use regression analysis on deseasonalized demand to forecast demand in summer 2013. (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Solution
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Math Problem Analysis
Mathematical Concepts
Time Series Analysis
Seasonal Indices
Linear Regression
Deseasonalization
Formulas
Seasonal Index = Average Seasonal Demand / Overall Average Demand
Deseasonalized Demand = Actual Demand / Seasonal Index
Linear Regression: y = mx + b
Theorems
Linear Regression Theorem
Seasonal Index Calculation
Suitable Grade Level
Grades 10-12
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