Question: please answer questions 1, 2 ,3 Revenue Forecasting Below are the revenues for Sales, Use and Excise Taxes in a small Midwestern (or Great Plains)

 please answer questions 1, 2 ,3 Revenue Forecasting Below are the

please answer questions 1, 2 ,3

Revenue Forecasting Below are the revenues for Sales, Use and Excise Taxes in a small Midwestern (or Great Plains) state. Fiscal Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Sales, Use and Excise Taxes 699,371,497 708,975,445 739,624,152 795,115,672 849,480,194 925,862,370 981,337,354 1,055,611,168 1,066,082,423 1,061,063,870 1,137,637,580 1,180,159,027 1,199,905,288 1,263,804,163 1,303,995,340 1,344,420,908 1,440,565,779 1,493,286,450 2012 2013 2014 2015 2016 2017 2018 Your task is to: 1. Pick two methods and estimate the sales tax revenue in 2019. You are not limited strictly to the methods we used in lecture: you could use the log of 5-year moving averages, for example. You may also add additional data if you choose. Some candidates might be population (from census) or gross state product (BEA). This question will be assessed both for difficulty and execution - like Diving or Gymnastics - but not on the accuracy of the forecast. 2. Why did you pick these two methods? 3. How many years of data did you use and why

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