ForecastX Regressions

Exhibit #1

Audit Trail Coefficient Table (Multiple Regression Selected)
Series Description	Included in Model		Coefficient		Standard Error		T-test		P-value		F-test		Elasticity		Overall F-test
SALES		Dependent				51.24				54.32				0.94				0.36				0.89								8.98
PRICE		Yes				30.92				10.32				3.00				0.01				8.98				1.46

Audit Trail Correlation Coefficient Table
Series Description	Included in Model	SALES	PRICE
SALES		Dependent			1.00			0.63
PRICE		Yes			0.63			1.00

Audit Trail - Statistics
Accuracy Measures	Value		Forecast Statistics	Value
AIC	130.02		Durbin Watson(1)	0.34
BIC	130.80		Mean	111.19
Mean Absolute Percentage Error (MAPE)	10.67	%	Standard Deviation	17.49
R-Square	39.07	%	Ljung-Box	39.71
Adjusted R-Square	34.72	%
Root Mean Square Error	13.22

Exhibit #2

Audit Trail Coefficient Table (Multiple Regression Selected)
Series Description	Included in Model	Coefficient	Standard Error	T-test	P-value	F-test	Elasticity	Overall F-test
SALES		Dependent			123.47			19.40			6.36			0.00			40.51						154.86
PRICE		Yes			24.84			4.95			5.02			0.00			25.17			1.17
INCOME		Yes			0.03			0.00			13.55			0.00			183.62			1.06

Audit Trail Correlation Coefficient Table
Series Description	Included in Model	SALES	PRICE	INCOME
SALES		Dependent			1.00			0.63			0.94
PRICE		Yes			0.63			1.00			0.83
INCOME		Yes			0.94			0.83			1.00

Audit Trail - Statistics
Accuracy Measures	Value		Forecast Statistics	Value
AIC	86.56		Durbin Watson(1)	1.67
BIC	87.34		Mean	111.19
Mean Absolute Percentage Error (MAPE)	2.22	%	Standard Deviation	17.49
R-Square	95.97	%	Ljung-Box	15.22
Adjusted R-Square	95.35	%
Root Mean Square Error	3.40

Consider the two regressions shown above.

Multiple Choice

The simple regression probably suffers from specification error.

The simple regression probably suffers from multicollinearity.

The multiple regression probably suffers from specification error.

The multiple regression probably suffers from autocorrelation.

Question 28 of 30 Total 28 of 30