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BSOP-330 Week 2 Lab Assignments Chapter Four Problems 4.23, 4.27, 4.33, and 4.35
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Download answer at https://www.examtutorials.com/course/bsop-330-week-2-lab-assignments-chapter-four-problems-4-23-4-27-4-33-and-4-35/
<div><strong>Chapter Four Problems 4.23, 4.27, 4.33, and 4.35.</strong><strong>4.23</strong>a) Compute MAD and MAPE for management’s techniqueb) 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?<strong>4.33</strong>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).<strong>4.35</strong>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?</div> https://www.examtutorials.com/course/bsop-330-week-2-lab-assignments-chapter-four-problems-4-23-4-27-4-33-and-4-35/ |
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