The following output is provided for a linear trend regression-based forecasting model based on 12 months of data: Suppose that the actual sales for months 13-15 are: 720,680,800.Given this,which of the following is the forecast bias value for months 13-15?
A)Approximately 77.7
B)Approximately 233.2
C)About -56.8
D)Just under 80

Question

The following output is provided for a linear trend regression-based forecasting model based on 12 months of data:  Suppose that the actual sales for months 13-15 are: 720,680,800.Given this,which of the following is the forecast bias value for months 13-15?
A)Approximately 77.7 
B)Approximately 233.2 
C)About -56.8 
D)Just under 80

Quizplus · Accepted Answer

The Answer of The following output is provided for a linear trend regression-based forecasting model based on 12 months of data:  Suppose that the actual sales for months 13-15 are: 720,680,800.Given this,which of the following is the forecast bias value for months 13-15?
A)Approximately 77.7 
B)Approximately 233.2 
C)About -56.8 
D)Just under 80

The Following Output Is Provided for a Linear Trend Regression-Based