Using the time series data in the table, respond to the following items.   Period Sales 1 $ 615   2   676   3   761   4   710   5   784   6   801   7   852   8   698   9   1,193   10   1,115   11   1,231   12   1,259   13   1,495   14   1,229   15   1,652   16   1,337   17   1,673   18   1,613

Algebra and Trigonometry (MindTap Course List)
4th Edition
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Author:James Stewart, Lothar Redlin, Saleem Watson
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Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
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Using the time series data in the table, respond to the following items.
 

Period Sales
1 $ 615  
2   676  
3   761  
4   710  
5   784  
6   801  
7   852  
8   698  
9   1,193  
10   1,115  
11   1,231  
12   1,259  
13   1,495  
14   1,229  
15   1,652  
16   1,337  
17   1,673  
18   1,613  
 

Please show work, thanks.

e. What is the predicted annual change of industry sales? (Round your answer to 3 decimal places.)
Predicted annual change of industry sales
f. Predict sales for the next three periods. (Round your answers to 3 decimal places.)
Predicted sales
Sales (19)
Sales (20)
Sales (21)
Transcribed Image Text:e. What is the predicted annual change of industry sales? (Round your answer to 3 decimal places.) Predicted annual change of industry sales f. Predict sales for the next three periods. (Round your answers to 3 decimal places.) Predicted sales Sales (19) Sales (20) Sales (21)
d-1. Compute all possible forecasts using a trend forecasting model using simple linear regression? (Round your answers to 3 decimal
places.)
Predicted
Sales
Period
Sales
Absolute Error
615
2
676
3
761
4
710
784
6
801
7
852
8
698
1,193
10
1,115
11
1,231
12
1,259
13
1,495
14
1,229
15
1,652
16
1,337
17
1,673
18
1,613
d-2. What is the MAD? (Round your answer to 3 decimal places.)
MAD
d-3. What is the trend equation based on the regression analysis? (Round your answers to 3 decimal places.)
Sales
%3D
time period.
+
Transcribed Image Text:d-1. Compute all possible forecasts using a trend forecasting model using simple linear regression? (Round your answers to 3 decimal places.) Predicted Sales Period Sales Absolute Error 615 2 676 3 761 4 710 784 6 801 7 852 8 698 1,193 10 1,115 11 1,231 12 1,259 13 1,495 14 1,229 15 1,652 16 1,337 17 1,673 18 1,613 d-2. What is the MAD? (Round your answer to 3 decimal places.) MAD d-3. What is the trend equation based on the regression analysis? (Round your answers to 3 decimal places.) Sales %3D time period. +
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