Question: Using the time series data in the table, respond to the following items. Period Sales 1 $ 1 , 0 0 1 2 1 ,
Using the time series data in the table, respond to the following items.
Period Sales
$
Click here for the Excel Data File
d Compute all possible forecasts using a trend forecasting model using simple linear regression? Round your answers to decimal places.
d What is the MAD? Round your answer to decimal places.
d What is the trend equation based on the regression analysis? Round your answers to decimal places.
e What is the predicted annual change of industry sales? Round your answer to decimal places.
f Predict sales for the next three periods. Round your answers to decimal places.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
