Answered step by step
Verified Expert Solution
Question
1 Approved Answer
operations management IR2D Forecasting Research Assignment Name: For this assignment you are to perform some research. Find time series data on something you want to
operations management IR2D Forecasting Research Assignment Name: For this assignment you are to perform some research. Find time series data on something you want to forecast using either a Trend or Linear Regression model. The data you include in your forecasting model must be sourced. You are to include 5 or 6 data sets in your model. All model calculations are to be completed. Use your model to develop two forecasts using what ever independent variable ( x value ) you choose. If you use a trend model then your x values must represent future periods. Description of the forecasting model, data set used, its source and what you will be forecasting... Forecasting Model NOTE: Enter the requested data in ALL shaded areas. independent dependant variable variable (X ) ( Y ) x^2 XY X = y = Ex2= Exy= First Forecast Second Forecast (slope) b = X value X value (y intercept) a = Forecast Forecast Analysis : what does your forecasting model predict
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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