The number of internal disk drives? (in millions) made at a plant in Taiwan during the...

60.1K

Verified Solution

Question

General Management

The number of internal disk drives? (in millions) made at aplant in Taiwan during the past 5 years? follows:???????????????????????????????????????????????????????????????????Year Disk Drives

1      138

2       160

3         190

4       202

5 216

?a) Using simple linear regression?, the forecast for the numberof disk drives to be made next year? =240.6 disk drives

?b) The mean squared error? (MSE) when using simple linearregression? ____________drives2

c) The mean absolute percent error (MAPE) when using simplelinear refression=__________%

I was able to wrk through A), but how to I calculate b &c?

Answer & Explanation Solved by verified expert
3.7 Ratings (483 Votes)
Let the linear regression equation isY a bX Y Dependent variable Forecasted number of disk drives X Year number A b Constants We place all the values of Year and disk drives as provided in 2 separate columns in excel and apply the formula LINEST to obtain values of a and b    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students