Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the time series data in the table. respond to the following items. Period Sales $1, 961 1. 129 841 1,344 1, 012 793 682
Using the time series data in the table. respond to the following items. Period Sales $1, 961 1. 129 841 1,344 1, 012 793 682 712 646 10 686 11 909 12 469 13 566 14 488 15 688 16 675 17 305 18 381 Click here for the Excel Data File d-1. Compute all possible forecasts using a trend forecasting model using simple linear regression? (Round your answers to 2 decimal places.) Period Sales Predicted Sales Absolute Error 1,001 2 1, 129 841 1,044 1,012 703 682 712 646 10 686 11 909 12 489 13 566 488 15 688 16 675 17 305 18 381d-3. II.I".."hat is the trend equation based on the regression analysis?I {Pound your answer: ta 2 decimal place-s.) -:I: e. What is the predicted annual change of industry,r sales? {Pound your answer la 2 decimal places} f. Predict sales for the next three periods. [Round your answer: La 2 decimal places.} Sales {19: Sales {20: Sales {21
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