The Tech power plant burns coal and natural gas to generate steam and electricity for all campus buildings. The annual coal consumption at the plant has increased annually for the past 6 years due to an aggressive campus building program. The following table shows the annual coal consumption: Year Coal Consumption (tons) 1 25000 2 23000 3 28000 4 35000 5 37000 6 42000 Develop a linear trend model to forecast coal consumption for the 7 th year
The Tech power plant burns coal and natural gas to generate steam and electricity for all campus buildings. The annual coal consumption at the plant has increased annually for the past 6 years due to an aggressive campus building program. The following table shows the annual coal consumption: Year Coal Consumption (tons) 1 25000 2 23000 3 28000 4 35000 5 37000 6 42000 Develop a linear trend model to forecast coal consumption for the 7 th year
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 2P: The file P13_02.xlsx contains five years of monthly data on sales (number of units sold) for a...
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The Tech power plant burns coal and natural gas to generate steam and electricity
for all campus buildings. The annual coal consumption at the plant has increased annually for the
past 6 years due to an aggressive campus building program. The following table shows the
annual coal consumption:
| Year | Coal Consumption (tons) |
| 1 | 25000 |
| 2 | 23000 |
| 3 | 28000 |
| 4 | 35000 |
| 5 | 37000 |
| 6 | 42000 |
Develop a linear trend model to
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