d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 4 decimal places.) $ Sales (Milions) Month Number 1 2 3 4 6 6 7 8 9 10 11 12 1 2 3 4 6 6 7 8 9 10 11 12 1 2 3 4 6 6 7 8 9 10 11 12 1 2 3 1 2 3 4 S 1.528 787 779 769 838 773 747 6 7 1,564 1,124 8 775 802 1.316 1,446 751 767 769 841 9 10 764 729 1,057 749 763 1,217 1,331 769 794 770 847 Average monthly bend in bookstore sales 787 761 1,424 1,046 801 828 1,319 1,204 726 745 Period 1 2 3 4 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 30 31 32 34 MAD What is the average monthly trend in book-store sales? (Negative amounts should be indicated by a minus sign. Round your 4. What are the monthly indexes? (Round your answers to 4 decimal places) 36 37 38 39 Trend Index Forecast Absolute

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 4 decimal places.)
$ Sales
(Millions)
Absolute
Error
Month Number
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
7
8
1,528
787
779
10
11
12
769
838
773
747
1,584
1,124
775
802
1,316
1,446
751
767
769
841
764
729
Index
1,434
1,057
749
763
1,217
1,331
769
794
770
847
787
761
1,424
1,046
801
828
1,319
1,204
726
745
Period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
30
31
32
33
34
35
36
37
38
39
Trend
What is the average monthly trend in book-store sales? (Negative amounts should be indicated by a minus sign. Round your
answer to 4 decimal places)
Average monthly trend in bookstore sales
-1. What are the monthly indexes? (Round your answers to 4 decimal places)
Month
1
2
3
4
5
6
Index
million dollars per month
Forecast
MAD-
Transcribed Image Text:d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 4 decimal places.) $ Sales (Millions) Absolute Error Month Number 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 7 8 1,528 787 779 10 11 12 769 838 773 747 1,584 1,124 775 802 1,316 1,446 751 767 769 841 764 729 Index 1,434 1,057 749 763 1,217 1,331 769 794 770 847 787 761 1,424 1,046 801 828 1,319 1,204 726 745 Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 30 31 32 33 34 35 36 37 38 39 Trend What is the average monthly trend in book-store sales? (Negative amounts should be indicated by a minus sign. Round your answer to 4 decimal places) Average monthly trend in bookstore sales -1. What are the monthly indexes? (Round your answers to 4 decimal places) Month 1 2 3 4 5 6 Index million dollars per month Forecast MAD-
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

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