The sales records of a major auto manufacturer over the past years from 2005 to 2019 are shown below. Number of Cars Sold Year (In thousands of Units)2005 195 2006 200 2007 250 2008 270 2009 320 2010 380 2011 440 2012 460 2013 500 2014 500 2015 550 2016 570 2017 600 2018 650 2019 700 Develop moving average with k=4 and compute its MSEDevelop exponential model with α = 0.4 and compute its MSEDevelop a linear trend model and compute its MSEBased on the MSE computed fore ach model , which model fits well to the dataBased on the answer of question (4) forecast the number of cars sold for year 2020.

Develop moving average with k=4 and compute its MSE

Answered: The sales records of a major auto…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 20EQ

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The sales records of a major auto manufacturer over the past years from 2005 to 2019 are shown below.

		Number of Cars Sold
Year	(In thousands of Units)
2005		195
2006		200
2007		250
2008		270
2009		320
2010		380
2011		440
2012		460
2013		500
2014		500
2015		550
2016		570
2017		600
2018		650
2019		700

Develop moving average with k=4 and compute its MSE
Develop exponential model with α = 0.4 and compute its MSE
Develop a linear trend model and compute its MSE
Based on the MSE computed fore ach model , which model fits well to the data
Based on the answer of question (4) forecast the number of cars sold for year 2020.

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