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22 - Demand Forecasting Using Linear Regression

1. The document contains sales data for newly launched eco-friendly T-shirts over the first 20 days at a retail outlet. 2. A linear regression model is fitted to the data to obtain the regression equation f(x) = 3.19401444788442 x + 6.40729274165807 with an R2 value of 0.990738103649407. 3. The linear regression equation can be used to forecast demand by inputting the day number x into the equation.

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Divyam Garg
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83 views2 pages

22 - Demand Forecasting Using Linear Regression

1. The document contains sales data for newly launched eco-friendly T-shirts over the first 20 days at a retail outlet. 2. A linear regression model is fitted to the data to obtain the regression equation f(x) = 3.19401444788442 x + 6.40729274165807 with an R2 value of 0.990738103649407. 3. The linear regression equation can be used to forecast demand by inputting the day number x into the equation.

Uploaded by

Divyam Garg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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DATA SET FOR DEMAND FORECASTING USING LINEAR REGRESSION

Sale of newly launched eco-friendly T-shirts during the first 20 days at a retail outlet

DAY # SALE IN UNITS


1 [Oldest] 11
2 14 80
3 19
70
4 21
f(x) = 3.1940
5 23 60 R² = 0.99073
6 23
7 27 50

8 32 40
9 33
10 36 30
11 42 20
12 43
13 48 10
14 51
0
15 53 0 2 4
16 59
17 61 In "Linear Regression
18 65 get the regression eq
19 69 forecast the demand
By putting different v
20 [Latest] 71 respective day.
SALE IN UNITS
80

70
f(x) = 3.19401444788442 x + 6.40729274165807
60 R² = 0.990738103649407

50

40

30

20

10

0
0 2 4 6 8 10 12 14 16 18 20

In "Linear Regression" Forecasting Model, we plot the graph of the giiven demand, and
get the regression equation (y=mx + c type), where 'x' is the day for which you want to
forecast the demand.
By putting different values of 'x' in the equation we can forecast the demand for the
respective day.

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