Assignment:
Calculate the forecasts for each month using your regression formula and then determine the MSE. Would you use this forecast if you sold thes umbrellas? why, or why not?
| Month |
Chance of rain (%) |
Umbrella Sales (units) |
| January |
22 |
1420 |
| February |
26 |
1380 |
| March |
32 |
1440 |
| april |
41 |
1635 |
| may |
36 |
1744 |
| june |
32 |
1486 |
| july |
28 |
1208 |
| august |
34 |
1145 |
| september |
38 |
1337 |
| october |
44 |
1388 |
| november |
32 |
1456 |
| december |
38 |
1684 |
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.