Purchase Solution

Forecasting equation

Not what you're looking for?

Ask Custom Question

Attached is the problem.

Attachments
Purchase this Solution
Solution Summary

Solution contains calculations of the number of auto accidents in a certain region using forecasting equation.

Solution Preview

Hi,

Please see response to your posting as given below.

The forecasting equation is.

y = a + b1*x1 + b2*x2 + b3*x3, ...

Purchase this Solution
Free BrainMass Quizzes
IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Introduction to Finance

This quiz test introductory finance topics.

View More Free Quizzes
Related BrainMass Solutions

  • Forecasting Aztec Temperatures Using a Modelling Equation

    The forecasting equation is y = 46 + 8.3*x, where x is the outside temperature in F. a. Forecast demand for the Aztec when the temperature is 70°F. - Insert x = 70 in forecasting equation y = 46 + 8.3*70 = 627 b.

  • Qualitative method, regression method, multiple equation method

    391718 Qualitative method, regression method, multiple equation method 1. Do you think that forecasting based on the arithmetical average of a given number of past data will be a correct forecasting for a business trend?

  • Forecasting model

    - Insert X = 70 in forecasting equation Y = 36 + 4.3*70 = 337 b) What is the demand for a temperature of 80F?

  • Forecasting a time series

    506950 Forecasting a time series In forecasting a monthly time series over a five-year period from January 2005 to December 2009, the exponential trend forecasting equation for January is log Yi = 2.0 + 0.01 Xi + 0.10 (January) Take the anti-log of

  • Statistical Tools

    Linear equation on the relationship between the group's televisions shows and bass drum sales. b. The least-squares regression method to derive a forecasting equation, c.

  • Widget sales - regressions. forecasting.

    394954 Widget sales - regressions. forecasting.

  • Time-Series Forecasting

    Compute a linear trend forecasting equation and plot the results. c. Compute a quadratic trend forecasting equation and plot the results. d. Compute an expoential trend forecasting equation and plot the results. e.

  • Forecasting: prediction based on Regression equation

    This posting contains solution to following problem on forecasting based on multiple regression equation.

  • Use exponential smoothing to make the prediction

    (d) Which forecasting method would you prefer to use and why? Note: Compute MAPE for the two forecasting methods to compare the accuracy for the period 1992-1998. I also did step of (a) and those values are in column G.

View More Related Solutions