Problem Solvin Help!

Maths and statistics discussion, revision, exam and homework help.

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  1. oggoy's Avatar
    • New Member
    • Posts: 14
    Problem Solvin Help!
    completed!
    Last edited by oggoy; 12-05-2012 at 09:11.
  2. oggoy's Avatar
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    Re: Problem Solvin Help!
    I used excel and created a scatterplot graph and used the equation which was -31.024x+1216.9 and used that to solve for 11 and 12 and got 875 on november and 844 on december is this correct?
  3. the bear's Avatar
    • TSR Demigod
    • Location: Linton Travel Tavern
    • Posts: 7,193
    Re: Problem Solvin Help!
    Or you could work with moving averages:
    Plot 3 monthly moving averages... extend the trend line/curve and use your next predicted moving average to find the predicted monthly figure and so on.
  4. oggoy's Avatar
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    Re: Problem Solvin Help!
    Is my method correct? Pls help i need to complete this by today!!!
  5. Brit_Miller's Avatar
    • Benevolent Member
    • Location: Bristol
    • Posts: 686
    Re: Problem Solvin Help!
    I would use a two or three quarter moving average. I wouldn't use a regression line because there doesn;t seem to be an obvious linear relationship looking at that data.
    Last edited by Brit_Miller; 10-05-2012 at 07:56.
  6. oggoy's Avatar
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    Re: Problem Solvin Help!
    How do you do a moving average?
  7. oggoy's Avatar
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    Re: Problem Solvin Help!
    I used a moving average and got the answer 1145.333 for nov and 1239 for december is this correct?
  8. oggoy's Avatar
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    Re: Problem Solvin Help!
    please help!! BumP!
  9. oggoy's Avatar
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    Re: Problem Solvin Help!
    really in need of help guys please!
  10. oggoy's Avatar
    • New Member
    • Posts: 14
    Re: Problem Solvin Help!
    help!
  11. the bear's Avatar
    • TSR Demigod
    • Location: Linton Travel Tavern
    • Posts: 7,193
    Re: Problem Solvin Help!
    you can use this tool:

    http://home.ubalt.edu/ntsbarsh/Busin.../ForecaSmo.htm

    with period 3 for a 3 month moving average etc.

    obtain the "forecast" value and add it to the data then run again to get the second predicted value
  12. oggoy's Avatar
    • New Member
    • Posts: 14
    Re: Problem Solvin Help!
    can you please try and do it bear my internet does not load.
    So in conclusion the last two months predicted averages are 1145.333 for November and 1239 for December.
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