Use the Data Given Below to Answer the Following Question(s)

question 14

Multiple Choice

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, γ = 0.05, and season length = 1. (Hint: Use XLMiner) . $$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { Units sold in } \\\text { thousands }\end{array} \\\hline 1 & 750 \\\hline 2 & 823 \\\hline 3 & 1034 \\\hline 4 & 1945 \\\hline 5 & 1556 \\\hline 6 & 1300 \\\hline 7 & 1346 \\\hline 8 & 1150 \\\hline 9 & 967 \\\hline 10 & 1200 \\\hline\end{array}$$
-Calculate the value of the mean absolute percentage error using the Holt-Winters no-trend model for the given data.

• A) 8.10
• B) 18.39
• C) 21.70
• D) 10.97

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Definitions:

Visual Mnemonics

Memory aids that use vivid imagery to link information for easier recall.

Allan Paivio

A psychologist best known for his dual-coding theory, which posits that visual and verbal information are processed and stored differently in the memory.

Identifies

Recognizes, determines, or establishes the identity or essential qualities of something.

Serial-Position Effect

The tendency to recall the first and last items in a list more easily than those in the middle.