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

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 full answer

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