Identify the Components of Simple Linear Regression Models and Discuss

question 12

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) $$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { Units sold in } \\\text { thousands }\end{array} \\\hline 1981 & 888 \\\hline 1982 & 900 \\\hline 1983 & 1000 \\\hline 1984 & 1200 \\\hline 1985 & 1100 \\\hline 1986 & 1300 \\\hline 1987 & 1250 \\\hline 1988 & 1150 \\\hline 1989 & 1100 \\\hline 1990 & 1200 \\\hline\end{array}$$
-Identify the value of the mean square error using double exponential smoothing for the given set of data.

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

Understand the importance of perceived fairness and actual fairness in workplace communication.

Identify and apply strategies for becoming more sensitive to audience needs.

Recognize characteristics such as objectivity that facilitate consideration of all sides of an issue.

Understand how audience perception (e.g., "What's in this for me?") affects the reception of messages.

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Definitions:

Event Scope Forecasts

Projected analyses that predict the extent or magnitude of events, often used in planning and risk assessment.

Environment

The surrounding physical, natural, social, and cultural conditions in which an individual, organization, or community operates.

Forecasts

Predictions or estimates of future events or trends, typically based on analysis of data.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, business intelligence, and research fields.