TABLE 16-12
The manager of a health club has recorded average attendance in newly introduced step classes over the last 15 months: 32.1, 39.5, 40.3, 46.0, 65.2, 73.1, 83.7, 106.8, 118.0, 133.1, 163.3, 182.8, 205.6, 249.1, and 263.5. She then used Microsoft Excel to
obtain the following partial output for both a first- and second-order autoregressive model.
SUMMARY OUTPUT - 2nd Order Model
Regression Statistics
-Referring to Table 16-12, using the first-order model, the forecast of average attendance for month 17 is ______.
Correct Answer:
Verified
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