Use this data and build a model to forecast annual maintenance expenses based on the weekly usage in hours. If the machine is used for 38.4 hours, what should I expect my annual maintenance expenses to be?  (Keep one decimal place)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Use this data and build a model to forecast annual maintenance expenses based on the weekly usage in hours.

If the machine is used for 38.4 hours, what should I expect my annual maintenance expenses to be?  (Keep one decimal place)

 

Weekly Usage (hours) Annual Maintenance Expense
13 17.0
10 22.0
20 30.0
28 37.0
32 47.0
17 30.5
24 32.5
31 39.0
40 51.5
38 40.0
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9781337406659
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Publisher:
Cengage,