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Homework answers / question archive / Rutgers University PSYCHOLOGY 01:830:123 Quiz 3 1)Lenovo uses the ZX-81 chip in some of its laptop computers
Rutgers University
PSYCHOLOGY 01:830:123
Quiz 3
1)Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
Month |
Price Per Chip |
Month |
Price Per Chip |
January |
$1.90 |
July |
$1.80 |
February |
$1.61 |
August |
$1.75 |
March |
$1.60 |
September |
$1.70 |
April |
$1.85 |
October |
$1.60 |
May |
$1.88 |
November |
$1.50 |
June |
$1.89 |
December |
$1.75 |
Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Month Apr May Jun Jul Aug Sep Oct Nov Dec
The mean absolute deviation based on a 3-month moving average of April through December is
|
Based on the given attendance, the seasonal indices for each of the seasons are
Year 1 2 3 4 5 6 7 8 9 10
Number of Patients 37 34 39 41 42 54 58 53 58 61
The simple linear regression equation that shows the best relationship between the number of patients and year is
Using linear regression, the number of patients Dr. Fok will see in year 11 =
patients Using linear regression, the number of patients Dr. Fok will see in year 12 =
8. Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:
Forecast 100 |
110 |
120 |
130 |
Actual 95 |
108 |
123 |
130 |