Need the following questions answered – based on the attachment Question 1 In this case, the dependent variable is Term 1 (MONTH OR SALES), and the independent variable is Term 2 (MONTH OR SALES) Question 2 1. This model is a _____ model. A. Simple exponential trendline B. Multiple regression C. Simple linear trendline Question 3 1. Use a proper regression equation to fit the data. Round the parameters of the regression equation to 4 decimal places. According to your result of the regression, sales increases by ______% per month? Format: 100.0 Question 4 1. Based on the regression equation, forecast the sales volume for the first month of year six, that is, month 61. Format: 1,000 Question 5 1. On average, the predictions are missing by ______%. Put differently, what is the value of MAPE? Format: 100.00 Question 6 1. The prediction errors will be in the neighborhood of Blank 1 ; Format: 1,000 Blank 2 % of the variation of sales is explained by the model; Format: 100.00 Question 7 1. Use the Data Analysis add-in to obtain a linear regression, and keep track of the following measures of the goodness of fit: The Stand Error of the regression is Blank 1 ; format: 1,000 The R Square is Blank 2 %; format: 100.00 Question 8 1. Based on the measures of goodness of fit you obtained in question 5 and 6, which regression is a better fit? A. The Exponential Regression B. The Linear Regression C. Indeterminate
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need the following questions answered based on the attachment question
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