Statistics Report

Monthly Data Approach

A first attempt is done to analyze the time series nature of the monthly data. The following plot is obtained:

The pattern shows some clear noise, but a degree of seasonality is observed.

Observe that the mean absolute percentage error is 9%, which indicates that a seasonal time series decomposition does a relatively good job at predicting the dependent variable.

Price: $23.78

Solution: The downloadable solution consists of 14 pages, 978 words and 10 charts.
Deliverable: Word Document