Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. Generate a forecast for the year using this technique and then calculate forecast errors using MSE
What is the mean squared error for this forecasting approach?
A) 1033
B) 1217
C) 1282
D) 1148
Answer: D
Business
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When changes are made in the plan, form, or the styling of a residence in order to correct functional obsolescence or economic obsolescence, this is termed:
A: Rehabilitation; B: Modernization; C: Remodeling; D: Replacement.
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Which of the following is a possible decision alternative (as discussed in the book)?
A) Price changes B) Product modification C) Product improvement D) both B and C E) all of the above
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