Sales for the past 6 months at Dalworth Company are given in the following table:MonthSalesJuly54August63September55October37November33December30What is the Mean Absolute Deviation (MAD) for August through December forecasts produced by usingexponential smoothing with a = 0.2?(Note: Do not round the forecasts, and choose the closest answer.)Multiple Choice15.288.7544.0913,25

Mean absolute deviation for forecast: here, we have to find out the mean absolute…

Answered: Sales for the past 6 months at Dalworth…

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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A study was done to look at the relationship between number of vacation days employees take each year and the number of sick days they take each year. The results of the survey are shown below. Vacation Days 5 15 13 3 9 0 3 7 7 14 4 Sick Days 5 5 1 5 4 9 9 6 5 3 9 Use the model to predict the number of sick days taken for an employee who took 3 vacation days this year.Sick Days = ? (Please round your answer to the nearest whole number.) Interpret the slope of the regression line in the context of the question: As x goes up, y goes down. The slope has no practical meaning since a negative number cannot occur with vacation days and sick days. For every additional vacation day taken, employees tend to take on average 0.40 fewer sick days. Interpret the y-intercept in the context of the question: The y-intercept has no practical meaning for this study. If an employee takes no vacation days, then that employee will take 8 sick days. The average number of sick days is…
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An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 1059), (3 year ago Quantity sold was 1169 ), (2 year ago Quantity sold was 1740 ) and the last year Quantity sold was 1903 . The previous trend line had predicted 1218 for three years ago, 1287 for two years ago and 1355 for last year. What was the mean squared error (MSE) for these forecasts? a. 169304.67 b. 19.67 c. 350 d. 0.2
Step 4 The following table summarizes the given data and the forecast values. There will not be a forecast error for the first month. Complete the columns for the forecast error and squared forecast error. Month Value Forecast Value 1 2 3 4 5 6 7 19 27 23 28 24 23 28 19 23 23 24.25 24.2 24 Forecast Error Actual - Forecast Submit Skip (you cannot come back) 27 19 = 8 0 5 -0.25 4 Total Squared Forecast Error (Actual - Forecast)² (8)² = 64 0 1.44 The MSE will be the average of the squared forecast error column. Find the average of this column, rounding the result to two decimal places. MSE =
Q9 The explanatory variable in linear correlation/regression model is recorded on which of thesemeasurement scales: A. categorical B. ordinal C. quantitative D. none of the above
Create a scatter graph, plotting value of sales against the average order value. The trend line, regression equation and coefficient of determination should be shown on the graph.

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