D.O. Better, operations manager for Luxury Products, Inc., is forecasting the coming month's (October's) demand for his best-selling product based on the following data:
Month: Jan Feb Mar Apr May Jun Jul Aug Sep
Price: 19 17 21 20 23 24 31 28 29
What is the forecast for October (month 10)?
a. 29.7
b. 31.1
c. 31.6
d. 31.9
e. 32.1