Identify the Components of Simple Linear Regression Models and Discuss

question 11

Multiple Choice

Identify the components of simple linear regression models and discuss their applications 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 and β
= 0.15 (Hint: Use XLMiner) $$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { Units sold in } \\\text { thousands }\end{array} \\\hline 1981 & 888 \\\hline 1982 & 900 \\\hline 1983 & 1000 \\\hline 1984 & 1200 \\\hline 1985 & 1100 \\\hline 1986 & 1300 \\\hline 1987 & 1250 \\\hline 1988 & 1150 \\\hline 1989 & 1100 \\\hline 1990 & 1200 \\\hline\end{array}$$
-Calculate the value of the mean absolute percentage error using double exponential smoothing for the given data.

• A) 1.80
• B) 8.10
• C) 91.27
• D) 11976.17

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Definitions:

Victim

An individual who suffers harm, injury, or loss as a result of a crime, accident, or other events or action, often necessitating support or redress.

Punitive Damages

Monetary compensation awarded in court cases that goes beyond what is necessary to compensate the plaintiff and is intended to punish the defendant.

Tort Law

A segment of law that addresses violations where one party's behavior causes injury or harm to another person, leading to civil legal liability.

Contributory Negligence

A legal doctrine that reduces or eliminates the plaintiff's right to damages if it's proven they contributed to their own harm.