What are the sources of error inforecasting?
With the help of regression analysis, compute the demand for computers when the populations are 36,45,50 and 55 millions from the collected data as given below:
|
Population (in millions)
|
Number of computers demanded (in thousand)
|
|
5
7
15
22
27
|
28
40
65
80
96
|
Draw the demand curve using computed values.