Question
QUESTION: 1a. Tell why (explain) northeast would be the dependent variable for the time series forecast. b. Tell why (explain) the month and year would
QUESTION:
1a. Tell why (explain) "northeast" would be the dependent variable for the time series forecast.
b. Tell why (explain) the "month and year" would be the independent variable for the time series forecast.
Data:
Year | Northeast | |
2021 | March | 46,000 |
2021 | April | 48,000 |
2021 | May | 51,000 |
2021 | June | 64,000 |
2021 | July | 62,000 |
2021 | August | 63,000 |
2021 | September | 57,000 |
2021 | October | 55,000 |
2021 | November | 52,000 |
2021 | December | 56,000 |
2022 | January | 38,000 |
2022 | February | 31,000 |
2022 | March | 39,000 |
3-Month Moving Average - forecast is $36,000.00
3-Month Weighted Moving Average - forecast is $35,875.00
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Introduction To Probability And Statistics
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
14th Edition
1133103758, 978-1133103752
