As a professional forecaster, you are provided by your junior the output presented in Figure below for the retail sales model. Identify the fitted model by your junior and is the right model fitted to the data? Why? Write the mathematical form of your recommended (correct) model? 200,000 150,000 - 100,000 -50,000 -0 40,000- 20,000 0- -20.000 Residual Actual - Fitted --50,000

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6. As a professional forecaster, you are provided by your junior the output presented in Figure below
for the retail sales model. Identify the fitted model by your junior and is the right model fitted
to the data? Why? Write the mathematical form of your recommended (correct) model?
-200,000
150,000
-100,000
-50,000
40,000
20,000
0
-20,000-
-40,000
1955 1960 1965 1970 1975
Residual
Actual
- Fitted
1980 1985 1990
-0
-50,000
1995
2
Transcribed Image Text:6. As a professional forecaster, you are provided by your junior the output presented in Figure below for the retail sales model. Identify the fitted model by your junior and is the right model fitted to the data? Why? Write the mathematical form of your recommended (correct) model? -200,000 150,000 -100,000 -50,000 40,000 20,000 0 -20,000- -40,000 1955 1960 1965 1970 1975 Residual Actual - Fitted 1980 1985 1990 -0 -50,000 1995 2
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