The following data are the monthly profit margins, in dollars per gallon, for an ethanol marketer from

Question:

The following data are the monthly profit margins, in dollars per gallon, for an ethanol marketer from January 2005 through December 2006.

0.5, 0.7, 0.8, 1.0, 1.0, 0.9, 1.1, 1.4, 1.5, 1.4, 0.7, 0.8, 0.8, 0.7, 1.1, 1.5, 1.7, 1.5, 1.6, 1.9, 2.1, 2.4, 2.6, 1.4

Construct a forecasting model for these data and forecast the profit margin for January 2007.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

Question Posted: