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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

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

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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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