Q2 The two "experienced" operation managers have resisted the introduction of a computerized linear regression forecasting system, claiming that their current forecasting tool is "much better than any impersonal computer could do". Table Q2 shows the weekly demand for the previous period. Perform the following: () Develop a linear regression model using the actual demand, and make four(4)-week forecast of production; (i) Determine the mean square error and standard error of the forecast developed in section (i) Table Q2 Actua Week Demand 1 3,000 2 4,400 3 4,200 4 3,100

Q2 The two "experienced" operation managers have resisted the introduction of a computerized linear regression forecasting system, claiming that their current forecasting tool is "much better than any impersonal computer could do". Table Q2 shows the weekly demand for the previous period. Perform the following: () Develop a linear regression model using the actual demand, and make four(4)-week forecast of production; (i) Determine the mean square error and standard error of the forecast developed in section (i) Table Q2 Actua Week Demand 1 3,000 2 4,400 3 4,200 4 3,100

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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