Using regression
SUMMARY OUTPUT | |||||
Regression Statistics | |||||
Multiple R | 0.9613 | ||||
R Square | 0.9242 | ||||
Adjusted R Square | 0.8989 | ||||
Standard Error | 1.6733 | ||||
Observations | 5 | ||||
ANOVA | |||||
df | SS | MS | F | Significance F | |
Regression | 1 | 102.4 | 102.4 | 36.5714 | 0.0091 |
Residual | 3 | 8.4 | 2.8 | ||
Total | 4 | 110.8 | |||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | |
Intercept | 43.2000 | 1.7550 | 24.6155 | 0.0001 | 37.6148 |
t | 3.2000 | 0.5292 | 6.0474 | 0.0091 | 1.5160 |
y^ = 43.2 + 3.2 x
Observation | Predicted y |
1 | 46.4 |
2 | 49.6 |
3 | 52.8 |
4 | 56 |
5 | 59.2 |
for 6
y^ = 43.2 + 3.2*6 = 62.4
Homework: Homework #2 Score: 0 of 1 pt 4 of 15 (3 Problem 4.13 can see Heart Transplants 45.0 50.0 55.0 56.0 58.0...
I Only need Part C, all other
parts are correct. Thanks.
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years Year Heart Transplants 45.0 52.0 52.0 54.0 58.0 The director of medical services predicted 6 years ago that demand in year 1 would be 41.0 surgeries a) Using exponential smoothing with α of 0.60 and the given forecast for year 1, the forecasts for...
As you can see in the following table demand for at transplant surgery at Washington General Hospital has increased headly in the past few years Heart Transplants 480 500 530 560 580 The director of medical services predicted 6 years ago that demand in year 1 would be 44.0 surgeries a) Using exponential smoothing with a of 0.60 and the given forecast for year 1, the forecasts for years through 6 are fround your responses to one decimal place: Year...
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: Year 1 2 3 4 5 Heart Transplants 45.0 50.0 55.0 54.0 58.0 The director of medical services predicted 6 years ago that demand in year 1 would be 41.0 surgeries. a) Using exponential smoothing with alpha of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are...
as ( Homework: HW 2: Forecast II Save Score: 0 of 1 pt elati 4 of 14 (7 complete) Problem 4.13 HW Score: 40.44%, 6.07 of 15 pts Question Help nom As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years ds 3 4 5 Year 1 2 Heart Transplants 450 500 520 540 580 The director of medical services predicted 6 years ago that...
Homework: HW 3 (Chapter 4) Score: 0 of 1 pt Problem 4.12 Hw Score: 16.67%, 1 of 6 pts Question Help * Consider the following actual and forecast demand levels for Big Mac Actual Demand 88.00 75.00 68.00 52.00 Forecast Demand 88.00 88.00 84.75 80.56 Day Tuesday Wednesday Thursday Friday The forecast for Monday was derived by obs forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, the forecast for Big...
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: Year 1 , Year 2 , Year 3, Year 4, Year 5, Year 6: 48, 50. 53, 54, 60? The director of medical services predicted 6 years ago that demand in 1 year would be 41 surgeries. a) Use exponential smoothing, first with a smoothing constant of .6 and then with one of .9 ,...
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 1017 15 (a) Construct a time series plot. 20 20 20 18 16 14 12 10 c 14 12 12 0 23 4 5 67 0 23 4 5 67 Week Weck Week 20 18 0 1 2345 6 7 Week What type of pattern exists in the data? The data appear to follow a seasonal pattern. The data appear to follow a...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year Sales 2005 2006 2007 2008 2009 450 495 518 563 580 Forecasted Sales 410.00 422.00 443.90 466.13 495.19 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 73.76 sales (round...
The following table shows the actual demand observed over the last 11 years Year 10 11 Demand 7 4 Using exponential smoothing with α = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 round your responses place) one decimal Year 2 4 10 12 Forecast 6.0
excel spreadsheet information:
Month
Sales (in millions of boxes)
1
1306
2
1305
3
1311
4
1313
5
1324
6
1329
7
1346
8
1347
9
1378
10
1394
11
1441
12
1469
Problem 3 You have realized that the sales for Select-A-Size Paper Towel packs have been increasing over the past year. You have learned that the double exponential smoothing method can account for such a trend in the data. Use double (trend-adjusted) exponential smoothing method to forecast sales...