In forecasting a monthly time series over a five-year period from January 2014 to December 2018, the exponential trend forecasting equation for January is

Take the antilog of the appropriate coefficient from this equation and interpret the
a. Y intercept, b₀.
b. Monthly compound growth rate.
c. January multiplier.

Transcribed Image Text:

log î = 2.0 + 0.01X; + 0.10 (January) %3D