BSOP-330 Week 2 Lab Assignments Chapter Four Problems 4.23, 4.27, 4.33, and 4.35

Chapter Four Problems 4.23, 4.27, 4.33, and 4.35.

4.23

a) Compute MAD and MAPE for management’s technique

b) Do management’s results outperform (i.e., have smaller MAD and MAPE than) a naive forecast?

c) Which forecast do you recommend, based on lower forecast error?

4.33

a) Forecast the number of transistors to be made next year, using linear regression.

b) Compute the mean squared error (MSE) when using linear regression.

c) Compute the mean absolute percent error (MAPE).

4.35

a) Use the model to predict the selling price of a house that is 1,860 square feet.

b) A 1,860-square-foot house recently sold for $95,000. Explain why this is not what the model predicted.

c) If you were going to use multiple regression to develop such a model, what other quantitative variables might you include?

d) What is the value of the coefficient of determination in this problem?

Photos

BSOP-330 Week 2 Lab Assignments Chapter Four Problems 4.23, 4.27, 4.33, and 4.35
$15.00 Tax included. Shipping not included.

User reviews

No reviews. Be the first to write one!

Delivery

All purchases are sent via email. Check your inbox and spam folder for an email from DevryGenius.com.

Promotions

Subscribe to our newsletter to receive special discounts and offers.

Contact us

DevryGenius.com
New York, NY 10011
support@devrygenius.com,

Newsletter

Sign up and never miss another deal.