(Solved): From The Forecasting Example Discussed In Class And Based On The Following Information, What Is The ...
a. $0
b. 319,000
c. $6,654,004
d. $6,907,131
From the forecasting example discussed in class and based on the following information, what is the expected retail sales number in October 2019, when Retail Sales in October 2018 were $6,654,004 and there is no recession? SUMMARY OUTPUT 0.94 Regression Statistics Multiple R 0.97 R Square Adjusted R Square 0.94 Standard Error 273,912.95 Observations 151 ANOVA 2.00 Regression Residual Total 1,189.03 MS 89,210,987,858,789.70 75,028,305,140.63 178,421,975,717,579.00 11,104,189,160,813.20 189,526,164,878,393.00 150.00 t Stat Intercept Retail Sales Recession Coeffidents 319,667.40 0.99 (227,779.74) Standard Error 135,270.09 0.02 67,534.36 2.36 46.60 (3.37) P-value 0.02 0.00 0.00