John Smith has developed the following
John Smith has developed the following forecasting model: Y = 36+4.3X1
Where
Y = Demand for K10 air conditioners
X1= The outside temperature (F)
(a) Forecast the demand for K10 when the temperature is 70 degrees F
(b) What is the demand for a temperature of 80 degrees F
(c) What is the demand for a temperature of 90 degrees F