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- Respond to each of the items using the following time series data. Period Demand 1 104 2 132 3 117 4 120 5 104 6 141 7 120 8 136 9 109 10 143 11 142 12 109 13 113 14 124 15 113 16 107The following observations are lifetimes (in days) subsequent to diagnosis for individuals suffering from a rare cancer.Which of the following time series forecasting methods would not be used to forecast seasonal data?
- Price SqFt 600000 2767 545000 2731 314900 2051 419000 2084 365000 2270 479000 1950 323000 1235 339900 2116 399000 1644 552000 2415 223017 1375 315777 1529 499000 2223 575000 2327 342000 1879 375000 1558 349000 2012 485000 1200 549888 1410 295000 1943 399000 1827 306999 1840 265200 1636 479000 2357 249700 1152 539500 2650 365000 2154 295900 1279 499000 2156 526000 2493 514900 2390 346000 1347 460000 2120 389000 1917 499000 1200 405000 2643 389900 1789 545000 2327 339000 1742 425000 1746 479000 1421 392000 2569 Interpret b0 in the context of this problem. Interpret b1 in the context of this problem. What percent of total variation in prices is explained by the regression model? Provide evidence to support your answer. Please include the excel function.Consider the following time series data: 1 2 3 4 5 6 7 26 15 22 14 21 25 17 PART 1.Compute MSE using the most recent value as the forecast for the next period and then calculate the forecast for month 8. PART 2.Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month 8?A dataset that consists of information from the American Community Survey from years 2006, 2007, and 2008, is an example of which type of data? A) •Time series B) Pooled cross-sectional C) Panel D) Cross-sectional
- Listed below is information regarding organ transplantation for three different years. Based on these data, is there sufficient evidence at α = 0.01 to conclude that a relationship exists between year and type of transplant?4. The CDC released the following table of life expectancies for Americans from 1900-2010.Can you identify a time series from the following? The number of "likes" on Gucci Facebook page for a new handbag, as of now Distance travelled by airline passengers for the top 4 airliners in 1965 Quarterly unemployment rate in Namibia, 2015-2020 Gross Domestic Product per capita of Zimbabwe in 2020
- year Income ($) B P1994 6036 85.1 20.41995 6113 87.8 20.21996 6271 88.9 21.31997 6378 94.5 19.91998 6727 99.9 181999 7027 99.5 19.92000 7280 104.2 22.22001 7513 106.5 22.32002 7728 109.7 23.42003 7891 110.8 26.22004 8134 113.7 27.12005 8322 113 292006 8562 116 33.52007 9042 108.7 42.82008 8867 115.4 35.62009 8944 118.9 32.22010 9175 127.4 33.72011 9381 123.5 34.42012 9735 117.9 48.52013 9829 105.4 66.12014 9722 103.2 62.42015 9769 104.2 58.62016 9725 103.7 56.72017 9930 105.7 55.52018 10419 105.5 57.32019 10625 106.5 53.72020 10905 107.3 52.6 Make a forecast of Mr. X's Income for the next five years Make forecast of income for the given values of B =110 and P = 55The Energy Information Administration of the U.S. Department of Energy providedtime series data for the U.S. average price per gallon of conventional regular gasolinebetween January 2007 and February 2014 (Energy Information Administration website,March 2014). Use the Internet to obtain the average price per gallon of conventionalregular gasoline since February 2014.a. Extend the graph of the time series shown in Figure 1.1.b. What interpretations can you make about the average price per gallon of conventionalregular gasoline since February 2014?c. Does the time series continue to show a summer increase in the average price pergallon? Explain.Analyse the time series of the following supermarket sales data and present the results in graphical form, including a forecast for the daily sales in week 5. Supermarket sales (K000) for a particular period Week 1 Week 2 Week 3 Week 4 Monday 22 22 24 26 Tuesday 36 34 38 38 Wednesday 40 42 43 45 Thursday 48 49 49 50 Friday 61 58 62 64 Saturday 58 59 58 58