Question
For these questions, use case study Floors: https://drive.google.com/file/d/1poHevtMDkiucsvuZ752rgSy9-rOWmE_v/view?usp=sharing Demo that may help: https://drive.google.com/file/d/1jm4OwtD_k9jWGCQmWEDoIXd2nNAhrxsS/view?usp=sharing JMP Data File: https://docs.google.com/document/d/1PDnXVLDbNiZtVWREhezV9gesurjIP8SrP7-VeJ5X0hw/edit?usp=sharing Question 1. Suppose Superb Floors, Inc. had wanted
For these questions, use case study Floors:https://drive.google.com/file/d/1poHevtMDkiucsvuZ752rgSy9-rOWmE_v/view?usp=sharing
Demo that may help: https://drive.google.com/file/d/1jm4OwtD_k9jWGCQmWEDoIXd2nNAhrxsS/view?usp=sharing
JMP Data File:https://docs.google.com/document/d/1PDnXVLDbNiZtVWREhezV9gesurjIP8SrP7-VeJ5X0hw/edit?usp=sharing
Question 1. Suppose Superb Floors, Inc. had wanted six months of forecasts, not three. You can't use the final MLR forecasting model of Exhibit 7 to do so. Why not?
Question 2. What might you do differently to produce six forecasts? (Hint: replace L3Permits with L6Permits in the MLR forecasting model of Exhibit 7)
Question 3. Produce the six forecasts and report their numerical values. In your post, embed your JMP display of the Summary of Fit and Indicator Parameterization Function displays.
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