Consider the data in the Excel file Consumer Price Index. a. Use simple linear regression to forecast
Question:
Consider the data in the Excel file Consumer Price Index.
a. Use simple linear regression to forecast the data. What would be the forecasts for the next 2 years?
b. Use the double exponential smoothing procedure in XLMiner to find forecasts for the next 2 years.
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Fitted Model Year Actual Forecast Residuals 2003 184 1855069818 1506981818 2004 1889 190...View the full answer
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