d-3. What is the trend equation based in the regression analysis? ( negative amounts should be indicated by minus sighn. Round your answer to 2 decimal places and other answer to 3 decimal places.)Annual U.S Grocery sales= _______ + ________ years.e. what is the predicted annual change of industry sales? ( round your answer to 3 decimal places) Predicted annual change of industry sales ________ million per yearf. Using the trend model, forecast the next three years of grocery sales.( round to 2 decimal places)Year. Annual grocery sales2018. _________millions2019. _________ millions2020. _________millions Over the years the U.S. grocery distribution and sales industry has grown. Today, the total industry sales are in the billions of dollars.Major retailers, such as Walmart and Target, added food to complement their merchandise sales and Amazon recently purchasedWhole Foods. For many companies, forecasts of industry sales are necessary information to plan for short- and long-term decisions.Using the total U.S. grocery store annual sales in millions of dollars (https://www.census.gov/retail/index.html#mrts) in the followingtable, respond to the following items.YearSales$511, 222510,033520, 7502008200920102011547,476563, 645574,547599, 603613,159625, 295639, 161201220132014201520162017 d-1. Compute all possible forecasts using a trend forecasting model using sımple linear regression? (Round your answers to 2 decimalplaces.)PeriodSalesPredicted SalesAbsolute Error2008511,2222009510,0332010520,7502011547,4762012563,6452013574,5472014599,6032015613,1592016625,2952017639,161d-2. What is the MAD? (Round your answer to 2 decimal places.)MAD

Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts. In case…

Answered: What is the trend equation based in the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

d-3. What is the trend equation based in the regression analysis? ( negative amounts should be indicated by minus sighn. Round your answer to 2 decimal places and other answer to 3 decimal places.) Annual U.S Grocery sales= _______ + ________ years. e. what is the predicted annual change of industry sales? ( round your answer to 3 decimal places) Predicted annual change of industry sales ________ million per year f. Using the trend model, forecast the next three years of grocery sales.( round to 2 decimal places) Year. Annual grocery sales 2018. _________millions 2019. _________ millions 2020. _________millions

Over the years the U.S. grocery distribution and sales industry has grown. Today, the total industry sales are in the billions of dollars.
Major retailers, such as Walmart and Target, added food to complement their merchandise sales and Amazon recently purchased
Whole Foods. For many companies, forecasts of industry sales are necessary information to plan for short- and long-term decisions.
Using the total U.S. grocery store annual sales in millions of dollars (https://www.census.gov/retail/index.html#mrts) in the following
table, respond to the following items.
Year
Sales
$511, 222
510,033
520, 750
2008
2009
2010
2011
547,476
563, 645
574,547
599, 603
613,159
625, 295
639, 161
2012
2013
2014
2015
2016
2017

d-1. Compute all possible forecasts using a trend forecasting model using sımple linear regression? (Round your answers to 2 decimal
places.)
Period
Sales
Predicted Sales
Absolute Error
2008
511,222
2009
510,033
2010
520,750
2011
547,476
2012
563,645
2013
574,547
2014
599,603
2015
613,159
2016
625,295
2017
639,161
d-2. What is the MAD? (Round your answer to 2 decimal places.)
MAD

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

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