The following data report total, monthly U.S. gasoline sales in millions of dollars from January 2017 to December 2018. (To find the data, go to the site https://www.census.gov/retail/index.html#mrts, find “Monthly Retail Trade Report,” then select “Time Series/Trend Charts.”) d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.) The following data report total, monthly U.S. gasoline sales in millions of dollars from January 2017 to December 2018. (To find thedata, go to the site https://www.census.gov/retail/index.html#mrts, find "Monthly Retail Trade Report," then select "Time Series/TrendCharts.")Year201720172017201720172017201720172017201720172017201820182018201820182018201820182018201820182018SalesMonth ($ millions)Jan$34,230Feb32,572Mar37,222Apr37,573May39,339Jun38,609Jul38,39739,81739,946AugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDec40,31738,78638,64637,82335,97741,24841,70946,64946,14646,59147,43344,18546,94241,83938,226Click here for the Excel Data Filed. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.) d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.)Period123456789101112131415161718192021222324Month-YearJan-2017Feb-2017Mar-2017Apr-2017May-2017Jun-2017Jul-2017Aug-2017Sep-2017Oct-2017Nov-2017Dec-2017Jan-2018Feb-2018Mar-2018Apr-2018May-2018Jun-2018Jul-2018Aug-2018Sep-2018Oct-2018Nov-2018Dec-2018Month123456789101112123456789101112Sales($ Million)34,23032,57237,22237,57339,33938,60938,39739,81739,94640,31738,78638,64637,82335,97741,24841,70946,64946,14646,59147,43344,18546,94241,83938,226TrendIndex0.9600.9001.0201.0201.0601.0201.0071.0301.0301.0200.9700.9600.9300.8800.9901.1001.0801.0801.0901.0041.0600.9300.840ForecastMAD=AbsoluteError

The Mean Absolute Deviation (MAD) is given by: MAD=Actual value-Forecasted Valuen To calculate the…

The following data report total, monthly U.S. gasoline sales in millions of dollars from January 2017 to December 2018. (To find the data, go to the site https://www.census.gov/retail/index.html#mrts, find “Monthly Retail Trade Report,” then select “Time Series/Trend Charts.”) d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.)

The following data report total, monthly U.S. gasoline sales in millions of dollars from January 2017 to December 2018. (To find the data, go to the site https://www.census.gov/retail/index.html#mrts, find “Monthly Retail Trade Report,” then select “Time Series/Trend Charts.”) d. Evaluate a seasonally adjusted trend forecasting model. What is the MAD? (Round your answers to 3 decimal places.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter1: Expressions And Functions

Section1.5: Descriptive Modeling And Accuracy

Problem 15PPS

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