Question
Question 3. In the sheet sales of the Excel file, you can find the sales (in millions of dollars) of Gigy Computer each year from
Question 3.In the sheet sales of the Excel file, you can find the sales (in millions of dollars) of Gigy Computer each year from 1987 to 2020.
Part A. (3.5 points) Develop a linear regression equation for the given data using Excel formulas, and write the corresponding values of the intercept and the slope in the sheet labeled Part A in the Excel file .
Part B. (5 points) Using the regression line you found in Part A above, forecast the dollar amount in sales for the years between 1987 2020 in the sheet labeled in Part B in the Excel file .
Part C. (5 points) Using a two-period moving averages model, forecast the total dollar amount in sales for the years between 1987 and 2020 in the sheet labeled in Part C in the Excel file
Part D. (3 points) Using a one-period moving averages model, forecast the total dollar amount in sales for the years between 1987 and 2020 in the sheet labeled in Part D in the Excel file
Part E. (3.5 points) Using a five-period moving averages model, forecast the total dollar amount in sales for the years between 1987 and 2020 in the sheet labeled in Part E in the Excel file
Part F. (5 points) Determine, among the models you have developed in Part B, Part C, Part D, and Part E above, which one provides the best forecast using the MAD method in the sheet labeled Part F in the Excel file Why do you think this model is the best? Explain briefly.
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