Homework Help is Here – Start Your Trial Now!
Math
Statistics
Coefficients Standard Error t Stat P-value Intercept 396.3787879396.3787879 30.3252606430.32526064 13.0709111713.07091117 1.30250E−071.30250E−07 Month 41.7237762241.72377622 4.1203915414.120391541 10.1261678210.12616782 1.41682E−061.41682E−06Copy Data      Step 1 of 3:  What is the mean square error for the linear time trend model? Round your answer to three decimal places   Step 2: Using the linear time trend model, predict the company's sales for the 13th month. Round your answer to the nearest thousand dollars.   Step 3: What percent of the variation in sales is explained by the linear time trend model? Round your answer to two decimal places.

Coefficients Standard Error t Stat P-value Intercept 396.3787879396.3787879 30.3252606430.32526064 13.0709111713.07091117 1.30250E−071.30250E−07 Month 41.7237762241.72377622 4.1203915414.120391541 10.1261678210.12616782 1.41682E−061.41682E−06Copy Data      Step 1 of 3:  What is the mean square error for the linear time trend model? Round your answer to three decimal places   Step 2: Using the linear time trend model, predict the company's sales for the 13th month. Round your answer to the nearest thousand dollars.   Step 3: What percent of the variation in sales is explained by the linear time trend model? Round your answer to two decimal places.

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
See similar textbooks
icon
Related questions
Question
  Coefficients Standard Error t Stat P-value
Intercept 396.3787879396.3787879 30.3252606430.32526064 13.0709111713.07091117 1.30250E−071.30250E−07
Month 41.7237762241.72377622 4.1203915414.120391541 10.1261678210.12616782 1.41682E−061.41682E−06
Copy Data   
 
Step 1 of 3: 
What is the mean square error for the linear time trend model? Round your answer to three decimal places
 
Step 2: Using the linear time trend model, predict the company's sales for the 13th month. Round your answer to the nearest thousand dollars.
 
Step 3:
What percent of the variation in sales is explained by the linear time trend model? Round your answer to two decimal places.
 
 
 
Using statistical software, the following summary output tables were produced. SUMMARY OUTPUT Copy Data Regression Residual Total Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.9545376536 0.9111421321 0.9022563453 49.27271641 12 ANOVA df SS MS 1 248944.9108 248944.9108 10 24278.00583 2427.800583 11 273222.9167 F 102.5392747
Transcribed Image Text:Using statistical software, the following summary output tables were produced. SUMMARY OUTPUT Copy Data Regression Residual Total Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.9545376536 0.9111421321 0.9022563453 49.27271641 12 ANOVA df SS MS 1 248944.9108 248944.9108 10 24278.00583 2427.800583 11 273222.9167 F 102.5392747
Consider the following monthly sales data for an up-and-coming technology company. Month 1 2 3 4 5 LO 6 7 8 9 10 11 12 Sales Data Sales (Thousands of Dollars) 319 537 538 572 631 696 694 715 796 824 838 851
Transcribed Image Text:Consider the following monthly sales data for an up-and-coming technology company. Month 1 2 3 4 5 LO 6 7 8 9 10 11 12 Sales Data Sales (Thousands of Dollars) 319 537 538 572 631 696 694 715 796 824 838 851
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS