Based upon the following historical data, answer the following questions: a. Calculate the linear trend forecast...
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Based upon the following historical data, answer the following questions: a. Calculate the linear trend forecast for periods 1 to 8. b. Calculate MSE to measure the accuracy of the forecast. Actual Demand 102 90 85 80 98 122 130 120 Month 1 2 3 4 5 6 7 8 Based upon the following historical data, answer the following questions: a. Calculate the linear trend forecast for periods 1 to 8. b. Calculate MSE to measure the accuracy of the forecast. Actual Demand 102 90 85 80 98 122 130 120 Month 1 2 3 4 5 6 7 8
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The linear trend forecast is given by the following equation y a bx where y dependent variable demand x independent variable time period a intercept b ... View the full answer
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