Forecast the demand-forecasting model


Problem: John smith has developed the following forecasting model:

Y = 36+4.3X

where

Y= demand for 10K air conditioners

X= the outside temperature

1) Forecast the demand for 10K when the temperature is 70F?

2) What is the demand for a temperature of 80F?

3) What is the demand for a temperature of 90F?

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