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Consider the following time series data for Sales. Period Sales 1 1360 2 1310 3 1290 4 1350 5 1290 6 1120 7 1190 8
Consider the following time series data for Sales.
Period | Sales |
---|---|
1 | 1360 |
2 | 1310 |
3 | 1290 |
4 | 1350 |
5 | 1290 |
6 | 1120 |
7 | 1190 |
8 | 1230 |
9 | 1080 |
10 | 1120 |
11 | 1060 |
12 | 940 |
13 | 920 |
14 | 768 |
15 | 670 |
16 | 650 |
17 | 679 |
18 | 678 |
19 | 450 |
20 | 200 |
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Step 1 of 3:
What is the R2for a Linear forecasting model? Use four decimal places.
Step 2 of 3:
What is the R2for a Polynomial (Order 2) forecasting model? Use four decimal places.
Step 3 of 3:
Which is the best model based on the R2 value?
a. Polynomial order 2
b. Linear
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