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Brian Buckley has developed the following forecasting model:
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y = 46 + 8.3x
where y demand for Aztec air conditioners and
x = the outside temperature (°F)
a) Forecast demand for the Aztec when the temperature is 70°F.
b) What is demand when the temperature is 80°F?
c) What is demand when the temperature is 90°F?
Round your answers to the nearest whole number; for example.
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https://brainmass.com/business/business-management/forecasting-aztec-temperatures-using-a-modelling-equation-162778
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forecasting model.docSolution Preview
Hi,
Please see response to your posting as follows.
The forecasting equation is
y = 46 + 8.3*x, where x is the outside …
