Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 1 455 2 510 3 518 4 570 5 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 627.6627.6 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is nothing sales (round your response to one decimal place).
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 1 455 2 510 3 518 4 570 5 590 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 627.6627.6 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is nothing 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
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below).
|
Year
|
Sales
|
|
1
|
455
|
|
2
|
510
|
|
3
|
518
|
|
4
|
570
|
|
5
|
590
|
a) Forecasted sales for year 6 using the trend projection (linear regression) method are
627.6627.6
sales (round your response to one decimal place).b) The MAD for a linear regression forecast is
nothing
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