Question: Using the accompanying table, determine the most appropriate forecasting technique for the accompanying data about the Dow Jones Industrial Average yearly closing value and implement

Using the accompanying table, determine the most appropriate forecasting technique for the accompanying data about the Dow Jones Industrial Average yearly closing value and implement the model.

Year                 Close
1983              1258.64
1984              1211.57
1985              1546.67
1986              1895.95
1987              1938.83
1988              2168.57
1989              2753.20
1990              2633.66
1991              3168.83
1992              3301.11
1993              3754.09
1994             3834.44
1995             5117.12
1996             6448.27
1997             7908.25
1998             9181.43
1999             11497.12
2000             10786.85
2001             10021.50
2002             8341.63
2003            10453.92
2004            10783.01
2005            10717.50
2006           12463.15
2007           13264.82
2008            8776.39
2009           10428.05
2010           11557.50
2011           12217.60
2012           13104.10

Use the model forecast the closing value for 2017.

Use α=0.7, β=0.2, and γ=0.8, as needed.

F2017= ?


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