Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 455 510 518 575 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round your response to one decimal place).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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part b

Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below).
Year
1
2
3
4
5
Sales
455
510
518
575
590
a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales (round your response to one decimal place).
b) The MAD for a linear regression forecast is sales (round your response to one decimal place).
Transcribed Image Text:Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 455 510 518 575 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round your response to one decimal place).
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