Find the coefficient of determination (P). The coefficient of determination ? (Enter your response rounded to two decimal places.)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following data are for calculator sales in units at an electronics store over the past nine weeks:
Week
Sales
Week
Sales
45
6
53
50
7
59
44
8
59
51
64
57
Use trend projection with regression to forecast sales for weeks 10 - 13. What are the error measures (CFE, MSE, G. MAD, and MAPE) for this forecasting procedure? How about ??
Obtain the trend projection with regression forecast for weeks 10 - 13. (Enter your responses rounded to two decimal places.)
Period
Forecast, F
10
64.81
11
67.06
12
69.31
13
71.56
Obtain the error measures. (Enter your responses rounded to two decimal places.)
CFE
MSE
MAD
MAPE
6.72
2.75
2.1
4.1 %
Find the coefficient of determination ().
The coefficient of determination ? =
(Enter your response rounded to two decimal places.)
Transcribed Image Text:The following data are for calculator sales in units at an electronics store over the past nine weeks: Week Sales Week Sales 45 6 53 50 7 59 44 8 59 51 64 57 Use trend projection with regression to forecast sales for weeks 10 - 13. What are the error measures (CFE, MSE, G. MAD, and MAPE) for this forecasting procedure? How about ?? Obtain the trend projection with regression forecast for weeks 10 - 13. (Enter your responses rounded to two decimal places.) Period Forecast, F 10 64.81 11 67.06 12 69.31 13 71.56 Obtain the error measures. (Enter your responses rounded to two decimal places.) CFE MSE MAD MAPE 6.72 2.75 2.1 4.1 % Find the coefficient of determination (). The coefficient of determination ? = (Enter your response rounded to two decimal places.)
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