Question: Use the same information as the previous question. a) Create a regression model to forecast sales. Do this by creating a scatterplot with a regression
Use the same information as the previous question.
a) Create a regression model to forecast sales. Do this by creating a scatterplot with a regression equation and R^2 value. Also use the data analysis tool to create a Summary Output.
b) Use the regression model to create forecasted sales for the historical information.
c) Calculate a MAD score and tell me if this is a better forecast model than either of the forecast models in Problem 2. Explain why you make this claim.
d) create a forecast prediction for January.
| Month | Actual Shed Sales | |
| 1 | January | 10 |
| 2 | February | 12 |
| 3 | March | 13 |
| 4 | April | 16 |
| 5 | May | 19 |
| 6 | June | 23 |
| 7 | July | 26 |
| 8 | August | 30 |
| 9 | September | 28 |
| 10 | October | 18 |
| 11 | November | 16 |
| 12 | December | 14 |
| 13 | January |
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