Solved

The Following Output Is Provided for a Linear Trend Regression-Based

Question 37

Multiple Choice

The following output is provided for a linear trend regression-based forecasting model based on 12 months of data: The following output is provided for a linear trend regression-based forecasting model based on 12 months of data:   Suppose that the actual sales for months 13-15 are: 720, 680, 800. Given this, which of the following is the forecast bias value for months 13-15? A)  Approximately 77.7 B)  Approximately 233.2 C)  About -56.8 D)  Just under 80 Suppose that the actual sales for months 13-15 are: 720, 680, 800. Given this, which of the following is the forecast bias value for months 13-15?


A) Approximately 77.7
B) Approximately 233.2
C) About -56.8
D) Just under 80

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions