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CHAPTER 4 MARKET AND DEMAND ANALYSIS 1. The sales of a certain product during a 16- year period have been as follows. Period 1 2 3 4 5 6 7 8 Sales 560 580 620 600 630 660…

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CHAPTER 4 MARKET AND DEMAND ANALYSIS 1. The sales of a certain product during a 16- year period have been as follows. Period 1 2 3 4 5 6 7 8 Sales 560 580 620 600 630 660…

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Chapter 4 MARKET AND DEMAND ANALYSIS 1. We have to estimate the parameters a and b in the linear relationship Yt = a + bT Using the least squares method. According to the…