Consider the following data: Month Bicycles Sold 21.6 22.9 25.5 4 21.9 23.9 6. 27.5 7 31.5 8 29.7 28.6 10 21 4 12

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 70E
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econometrics

77
Consider the following data:
78
Month
Bicycles
79
Sold
80
1
21.6
81
2.
22.9
82
3
25.5
83
21.9
84
23.9
85
6.
27.5
86
31.5
87
8.
29.7
88
9
28.6
89
10
31.4
06
If you had been using an MA; forecasting equation what would have been the forecast error in Period 7?
5 Answer
91
92
Transcribed Image Text:77 Consider the following data: 78 Month Bicycles 79 Sold 80 1 21.6 81 2. 22.9 82 3 25.5 83 21.9 84 23.9 85 6. 27.5 86 31.5 87 8. 29.7 88 9 28.6 89 10 31.4 06 If you had been using an MA; forecasting equation what would have been the forecast error in Period 7? 5 Answer 91 92
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