Question

What is the residual for observation 6? Observation Actual Demand (A) Forecast (F) 1 35 --- 2 30 35 3 26 30 4 34 26 5 28 34 6 38 28 Group of answer choices .20 Cannot be determined based on the given information. 10 -6

Answer 1

To calculate the residual for observation 6, we first need to find the forecast for observation 6. Based on the given information, the forecast for observation 6 is 34. Therefore, the residual for observation 6 would be:

Residual = Actual Demand - Forecast
Residual = 38 - 34
Residual = 4

So the residual for observation 6 is 4.
Hi! To find the residual for observation 6, we need to subtract the forecast (F) from the actual demand (A). In this case, the observation 6 values are:

Actual Demand (A): 38
Forecast (F): 28

Now, we'll calculate the residual:

Residual = Actual Demand (A) - Forecast (F)
Residual = 38 - 28
Residual = 10

So, the residual for observation 6 is 10.