Question: I need help on questions 5a & 5b , 6a & 6b. I will need them fully answered and explained with corresponding chart located above

Questions 5a, 5b, 6a, and 6b are about forecasting methods. (5 points each) Weighted Weighted Exponential Exponential 3-year 4-year 3-year 4-year Smoothing Smoothing MA MA MA MA Alpha. 1 Alpha 3 MAD .679 .592 .640 .616 1.257 .697 MSE .595 .472 .503 .479 1.865 .692 Regression .420 .233 Sa. Which method appears to provide the best forecast? Why? 5b. What is the difference between the MAD and the MSE? Sales Forecasting (million) Regression Statistics Multiple R 0.876 R Square 0.768 Adjusted R Square 0.752 Standard Error 0.514 Observations 17 ANOVA df 1 15 16 Significance F 0.0001 Regression Residual Total MS 1313 0.264 49.687 SS 13.133 3.965 17.100 Intercept Coefficients -353.65 0.179 Standard Error 51.134 0.0255 Star -6.916 7.049 p-value 0.0001 0.0001 Lower 95% 46264 0.125 Upper 95% -244.660 0.234 Year 6a. What is the regression equation for this forecasting model? 6b. What does the regression equation output tell you about the sales forecast? Questions 5a, 5b, 6a, and 6b are about forecasting methods. (5 points each) Weighted Weighted Exponential Exponential 3-year 4-year 3-year 4-year Smoothing Smoothing MA MA MA MA Alpha. 1 Alpha 3 MAD .679 .592 .640 .616 1.257 .697 MSE .595 .472 .503 .479 1.865 .692 Regression .420 .233 Sa. Which method appears to provide the best forecast? Why? 5b. What is the difference between the MAD and the MSE? Sales Forecasting (million) Regression Statistics Multiple R 0.876 R Square 0.768 Adjusted R Square 0.752 Standard Error 0.514 Observations 17 ANOVA df 1 15 16 Significance F 0.0001 Regression Residual Total MS 1313 0.264 49.687 SS 13.133 3.965 17.100 Intercept Coefficients -353.65 0.179 Standard Error 51.134 0.0255 Star -6.916 7.049 p-value 0.0001 0.0001 Lower 95% 46264 0.125 Upper 95% -244.660 0.234 Year 6a. What is the regression equation for this forecasting model? 6b. What does the regression equation output tell you about the sales forecast
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
