Multiple Choice
The demand for a product for the last six years has been 15, 15, 17, 18, 20, and 19. The manager wants to predict the demand for this time series using the following simple linear trend equation: trt = 12 + 2t. Use this equation to forecast the demand for this product, and then calculate the MSD.
A) MSD = 6
B) MSD = 3.3333
C) MSD = 7.0
D) MSD = 2
E) MSD = 2.4
Correct Answer:
Verified
Correct Answer:
Verified
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