Question: This problem uses information from a data set available on the companion web site. The data set contains the raw data as well as reduced/reorganized

This problem uses information from a data set available on the companion web site. The data set contains the raw data as well as reduced/reorganized data for ease of analysis.

Use the forecasting template found on the companion web site or Minitab to forecast total U.S. healthcare expenditures for 2010 using SMA, WMA, SES, trend-adjusted (or double) exponential smoothing, and linear trend.

a. Which model do you believe gives the best forecast?

b. Do you see any problems with your model?

c. Repeat the above for hospital care, physician services, other professional services, dental services, home health care, prescription drugs, and other. Is any one of these driving the increase in healthcare expense?

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