Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 455 510 518 575 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round your response to one decimal place).

Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 455 510 518 575 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 630.1 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round your response to one decimal place).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.3: Simple Regression Models

Problem 6P: Do the sales prices of houses in a given community vary systematically with their sizes (as measured...

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