Use the Data Given Below to Answer the Following Questions)

question 14

Multiple Choice

Use the data given below to answer the following questions) .
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:

Rental Charges

Costs associated with leasing or renting property or equipment.

Fixed Cost

Expenses that do not change in total regardless of the level of production or sales activity, such as rent, salaries, and insurance premiums.

Machine Hour

A machine hour is a unit of measurement representing the operation of machinery or equipment for one hour, used in calculating cost allocation and operational efficiency.

Total Variable Costs

The sum total of all costs that vary with the level of output or production volume, such as materials and labor directly involved in production.