OC. They both are equally accurate Od. There is not enough information to answer

Question

OC. They both are equally accurate Od. There is not enough information to answer this question QUESTION 8 The below time series gives the indices of Industrial Production in U.S for 10 consecutive years. SUMMARY OUTPUT Multiple F R Square 0963408685 0.928156294 Adjusted R Square0.91917583 Standard Error 2.11014476 10 ANOVA df MS sS 1 460.2002727 460.2002727 103.3528298 7.50398E-06 8 35.62168727 4.452710909 Residual Total 495.82196 Coercients Standard Error tstat p.volue Lower 95% Upper 95% Lower 95 0% Upper 95.0% 80.458 1441503298 55.8153423 1.17809E-11 77.13388743 83.78211257 77.1338874383.78211257 2.89754743 Year 2.361818182 0.232319292 10.16625938 7.50398E-06 1.826088934 2.89754743 1.826088934 2 Calculate the forecast error for period t-10. Report 2 digits after the decimal point and use absolute value. Excel file: Question 10-Regression.xlsx

Explanation / Answer

Answer - 9: From the output, the regression equation is:

y = 80.458 + 2.362t

For t = 11:

y = 80.458 + 2.362*11 = 106.44

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