Answer to Question #74282 in Microeconomics for Zulfiqar Ali

Question #74282
An exploration into the demand of Mobile sets in the following urban towns has supplied the following data Towns A B C D E F G H Population (000) 12 15 15 18 18 22 26 30 Demand for Mobile Sets 16 18 18 31 35 39 47 50 Estimate the number of T.V sets demanded in H Town with a population of 35 thousands. Show it on the graph also
Expert's answer
Using function "forecast" in excel we estimate the number of TV sets demanded in H Town with a population of 35 thousands to be 64.35 units

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