(Answered) Obm obsolete business machines inc wants to forecast 2017s

Management Studies

OBM (Obsolete Business Machines) Inc. wants to forecast 2017's demand for manual typewriters based on the following historical data:

YEAR

DEMAND (x1000)

2013

100

2014

2015

2016

What is OBM's forecast for 2017 using a linear trend equation?

Hint 1: Watch out for subtracting negatives.

Hint 2: Pay attention to units of analysis.

Hint 3: Take care with precision (rounding) in your calculations. In this kind of problem, rounding significantly affects the final answer.

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Business Management, Management Studies

Category:- Business Management
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