Make a 15-year simple linear regression forecast. Example: Railroad Products Co. RPC Sales Car Loadings Year ($millions) (millions) 1 9.5 120 2 11.0 135 3 12.0 130 4 12.5 150 5 14.0 170 6 16.0 190 7 18.0 220

Make a 15-year simple linear regression forecast. Example: Railroad Products Co. RPC Sales Car Loadings Year ($millions) (millions) 1 9.5 120 2 11.0 135 3 12.0 130 4 12.5 150 5 14.0 170 6 16.0 190 7 18.0 220

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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Question

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Make a 15-year simple linear regression forecast. Example: Railroad Products Co.

RPC Sales Car Loadings

Year ($millions) (millions)

1 9.5 120

2 11.0 135

3 12.0 130

4 12.5 150

5 14.0 170

6 16.0 190

7 18.0 220

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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