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In: Operations Management

The accounting department needs to forecast electricity expense for one of the buildings. The data for...

The accounting department needs to forecast electricity expense for one of the buildings. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the linear regression. Please round your forecast to the nearest whole number.

Apr 2020: 1463 Mar 2020: 1372 Feb 2020: 1087 Jan 2020: 1316 Dec 2019: 1346 Nov 2019: 1224
Oct 2019: 1050 Sep 2019: 1201 Aug 2019: 1320 Jul 2019: 1232 Jun 2019: 1472 May 2019: 1323
Apr 2019: 1490 Mar 2019: 1464 Feb 2019: 1147 Jan 2019: 1208 Dec 2018: 1471 Nov 2018: 1085
Oct 2018: 1477 Sep 2018: 1045 Aug 2018: 1473 Jul 2018: 1171 Jun 2018: 1480 May 2018: 1433
Apr 2018: 1369 Mar 2018: 1157 Feb 2018: 1079 Jan 2018: 1095 Dec 2017: 1127 Nov 2017: 1445
Oct 2017: 1381

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keosha answered 3 months ago
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