Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 450 510 3 516 4 570 575 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 617.2 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 Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 450 510 3 516 4 570 575 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 617.2 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 8P: The management of a technology company is trying to determine the variable that best explains the...
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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
450
2
510
516
4
570
575
a) Forecasted sales for year 6 using the trend projection (linear regression) method are 617.2 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).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96bc6193-a9e7-4716-b78f-2b2e254dbd91%2F307ca2dd-5e0d-497d-9d96-8788d68c77fd%2F895bjdh_processed.png&w=3840&q=75)
Transcribed Image Text: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
450
2
510
516
4
570
575
a) Forecasted sales for year 6 using the trend projection (linear regression) method are 617.2 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).
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