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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. | ||||||||
Explain step by step how to solve and input using excel spreadsheet.
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