(A) Fit the Appropriate Regression Model to the Data

question 95

Essay

(A) Fit the appropriate regression model to the data. Report the resulting equation and state explicitly what it says about the percentage growth per month.
(B) What is the MAPE for the forecast model in (A)? What does it measure? Considering its magnitudes, does the model seem to be doing a good job?

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Definitions:

Prn

An abbreviation for the Latin phrase "pro re nata," meaning "as the situation demands," often used in medical prescriptions to indicate taking medicine as required.

Intranasal

Administration or action occurring within the nasal passages, often referencing medication delivery.

Subcutaneous

Located or applied under the skin's surface, often referring to tissues, injections, or implants.

Intramuscular

Pertaining to an injection given directly into the muscle tissue.