Question: Explain and show your work for part C and D. Columbus Municipal Government has asked you to forecast the sales tax revenue it will collect

Explain and show your work for part C and D.

Explain and show your work for part C and D. Columbus Municipal

Columbus Municipal Government has asked you to forecast the sales tax revenue it will collect in Year 6, Year 7 and Year 8. Data on revenue in recent years is presented below. The annual data are aranhed helner a. Estimate annual sales tax revenue for Year 6, Year 7 and Year 8 using a moving average "3-day" (MA3) model. Please clearly show the process you use to come up with your estimates. ( 5 points) b. Estimate annual sales tax revenue for Year 6 , Year 7, and Year 8 using a moving average "4-day" (MA4) model. Please clearly show the process you use to come up with your estimates. ( 5 points) c. Forecast the expected annual sales tax revenue for Year 6 , Year 7 and Year 8 using the trend regression model. ( 5 points) d. Do you recommend that the trend regression model be employed in this case? Why or why not? (5 points) Columbus Municipal Government has asked you to forecast the sales tax revenue it will collect in Year 6, Year 7 and Year 8. Data on revenue in recent years is presented below. The annual data are aranhed helner a. Estimate annual sales tax revenue for Year 6, Year 7 and Year 8 using a moving average "3-day" (MA3) model. Please clearly show the process you use to come up with your estimates. ( 5 points) b. Estimate annual sales tax revenue for Year 6 , Year 7, and Year 8 using a moving average "4-day" (MA4) model. Please clearly show the process you use to come up with your estimates. ( 5 points) c. Forecast the expected annual sales tax revenue for Year 6 , Year 7 and Year 8 using the trend regression model. ( 5 points) d. Do you recommend that the trend regression model be employed in this case? Why or why not? (5 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!