Forecasting. Using X =20 and P = 5 as reference points,             A. Calculate a point forecast of future sales.                   B. Construct an approximate 95% confidence interval for forecast sales

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Forecasting. Using X =20 and P = 5 as reference points,

            A. Calculate a point forecast of future sales.

 

 

 

            B. Construct an approximate 95% confidence interval for forecast sales

 

 

 

            C. Identify two factors that would affect your confidence in your forecast interval 

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