Using the time series data in the table, respond to the following items.   Period Sales 1 $ 615   2   676   3   761   4   710   5   784   6   801   7   852   8   698   9   1,193   10   1,115   11   1,231   12   1,259   13   1,495   14   1,229   15   1,652   16   1,337   17   1,673   18   1,613

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Using the time series data in the table, respond to the following items.
 

Period Sales
1 $ 615  
2   676  
3   761  
4   710  
5   784  
6   801  
7   852  
8   698  
9   1,193  
10   1,115  
11   1,231  
12   1,259  
13   1,495  
14   1,229  
15   1,652  
16   1,337  
17   1,673  
18   1,613  
 

Please show work, thanks.

e. What is the predicted annual change of industry sales? (Round your answer to 3 decimal places.)
Predicted annual change of industry sales
f. Predict sales for the next three periods. (Round your answers to 3 decimal places.)
Predicted sales
Sales (19)
Sales (20)
Sales (21)
Transcribed Image Text:e. What is the predicted annual change of industry sales? (Round your answer to 3 decimal places.) Predicted annual change of industry sales f. Predict sales for the next three periods. (Round your answers to 3 decimal places.) Predicted sales Sales (19) Sales (20) Sales (21)
d-1. Compute all possible forecasts using a trend forecasting model using simple linear regression? (Round your answers to 3 decimal
places.)
Predicted
Sales
Period
Sales
Absolute Error
615
2
676
3
761
4
710
784
6
801
7
852
8
698
1,193
10
1,115
11
1,231
12
1,259
13
1,495
14
1,229
15
1,652
16
1,337
17
1,673
18
1,613
d-2. What is the MAD? (Round your answer to 3 decimal places.)
MAD
d-3. What is the trend equation based on the regression analysis? (Round your answers to 3 decimal places.)
Sales
%3D
time period.
+
Transcribed Image Text:d-1. Compute all possible forecasts using a trend forecasting model using simple linear regression? (Round your answers to 3 decimal places.) Predicted Sales Period Sales Absolute Error 615 2 676 3 761 4 710 784 6 801 7 852 8 698 1,193 10 1,115 11 1,231 12 1,259 13 1,495 14 1,229 15 1,652 16 1,337 17 1,673 18 1,613 d-2. What is the MAD? (Round your answer to 3 decimal places.) MAD d-3. What is the trend equation based on the regression analysis? (Round your answers to 3 decimal places.) Sales %3D time period. +
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman