Answered step by step
Verified Expert Solution
Question
1 Approved Answer
umber of computer sold at a store was recorded as 2,1,5,3,7 per week for five weeks. ssuming that there is no trend: (a) Write the
umber of computer sold at a store was recorded as 2,1,5,3,7 per week for five weeks. ssuming that there is no trend: (a) Write the equation for the model for forecasting by defining each component of the time series model model. (b) What assumption would be made to estimate the model in part (a) by least squares method. (c) Estimate the model of part (a) using the above data. (d) Make the forecast of sales for weeks seven and week eight. (e) Compute prediction interval for your forecast of week eight. (f) Compute MAD. (g) Compute MAPE. (h) Compute Durbin Watson d statistic. (i) Compute Autocorrelation and make forecast for week six by assuming the bbservations are auto-correlated. umber of computer sold at a store was recorded as 2,1,5,3,7 per week for five weeks. ssuming that there is no trend: (a) Write the equation for the model for forecasting by defining each component of the time series model model. (b) What assumption would be made to estimate the model in part (a) by least squares method. (c) Estimate the model of part (a) using the above data. (d) Make the forecast of sales for weeks seven and week eight. (e) Compute prediction interval for your forecast of week eight. (f) Compute MAD. (g) Compute MAPE. (h) Compute Durbin Watson d statistic. (i) Compute Autocorrelation and make forecast for week six by assuming the bbservations are auto-correlated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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