Question
The number of cans of soft drinks sold in a machine each week is recorded below: Weekly Period 1 2 3 4 5 6 7
The number of cans of soft drinks sold in a machine each week is recorded below: Weekly Period 1 2 3 4 5 6 7 8 Soft Drinks Sold 122 85 92 98 110 108 115 102 Weekly Period 9 10 11 12 13 14 15 16 Soft Drinks Sold 95 98 105 125 85 106 140 84 Weekly Period 17 18 19 20 21 22 23 24 Soft Drinks Sold 92 85 78 105 111 152 140 108 a. Using Excel, develop forecasts for periods of 1 to 24, using a trend line. b.Calculate the MSE and MAD for your model. c. Calculate the R statistic and intepret it.
| The number of cans of soft drinks sold in a machine each week is recorded below: | ||||||||
| Weekly Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Soft Drinks Sold | 122 | 85 | 92 | 98 | 110 | 108 | 115 | 102 |
| Weekly Period | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |
| Soft Drinks Sold | 95 | 98 | 105 | 125 | 85 | 106 | 140 | 84 |
| Weekly Period | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| Soft Drinks Sold | 92 | 85 | 78 | 105 | 111 | 152 | 140 | 108 |
| a. Using Excel, develop forecasts for periods of 1 to 24, using a trend line. | ||||||||
| b.Calculate the MSE and MAD for your model. | ||||||||
| c. Calculate the R statistic and intepret it. | ||||||||
Explain step by step how to solve and input using excel spreadsheet.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
