Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help with JMP this is all the information I have; see that it contains two years of monthly data on total number of filled jobs.
Help with JMP this is all the information I have; see that it contains two years of monthly data on total number of filled jobs. You are to compare three models and select the best fit one:
Model_X: Linear trend line forecasting
Model_Y: Seasonal forecasting (NOTE: season has 12 levels here, one month per season)
Model_Z: Seasonal forecasting with trend
jobs3.jmp ? Data Filter Tabulate Graph Builder Distribution Fit Y by X Fit Model Window Tools Recode jobs3.jmp Total Filled Year Month Jobs 2007 1868710 2 2007 1923890 C N 3 2007 1946060 4 2007 1936730 5 2007 1939250 VOU A 6 2007 1917860 7 2007 1919690 8 2007 8 1921050 9 2007 9 1921750 10 2007 10 1939550 Columns (3/0) 11 2007 11 1967250 12 2007 12 2007480 Year 13 2008 1923300 Month Total Filled Jobs 14 2008 1969650 CO N 15 2008 1977430 16 2008 1981380 OI A 17 2008 1959410 18 2008 6 1948880 19 2008 1954670 20 2008 8 1923680 21 2008 CO 1930620 22 2008 10 1946320 23 2008 11 1976920 24 2008 12 1993070 Rows All rows 24 Selected Excluded oooo Hidden LabeledStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started