Use the data given below to answer the following question(s).
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2, γ = 0.05, and season length = 1. (Hint: Use XLMiner). $$\begin{array} { | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Units sold in } \
\text { thousands }
\end{array} \
\hline 1 & 750 \
\hline 2 & 823 \
\hline 3 & 1034 \
\hline 4 & 1945 \
\hline 5 & 1556 \
\hline 6 & 1300 \
\hline 7 & 1346 \
\hline 8 & 1150 \
\hline 9 & 967 \
\hline 10 & 1200 \
\hline
\end{array}$$
-Which of the following is the value of the root mean square error for the given data?
A) 252.55
B) 367.35
C) 21.70
D) 109.76

Question

Use the data given below to answer the following question(s).
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2, γ = 0.05, and season length = 1. (Hint: Use XLMiner). $$\begin{array} { | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Units sold in } \
\text { thousands }
\end{array} \
\hline 1 & 750 \
\hline 2 & 823 \
\hline 3 & 1034 \
\hline 4 & 1945 \
\hline 5 & 1556 \
\hline 6 & 1300 \
\hline 7 & 1346 \
\hline 8 & 1150 \
\hline 9 & 967 \
\hline 10 & 1200 \
\hline
\end{array}$$
-Which of the following is the value of the root mean square error for the given data?
A) 252.55
B) 367.35
C) 21.70
D) 109.76

Quizplus · Accepted Answer

The root mean square error (RMSE) is calculated using the differences between the actual and predicted values. Using the given data and parameters in a forecasting tool like XLMiner, the RMSE is found to be 367.35.

Use the Data Given Below to Answer the Following Question(s)