Question: Reconsider the linear trend data in Table E 4 . 4 . Take the first differ - ence of this data and plot the time
Reconsider the linear trend data in Table E Take the first differ ence of this data and plot the time series of first differences. Has differencing removed the trend? Use exponential smoothing on the first differences. Instead of forecasting the original data, fore cast the first differences for the remaining data using exponential smoothing and use these forecasts of the first differences to obtain forecasts for the original data.
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