A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance Four years Ago 9,000 Three years ago 16,000 Two years ago 19,000 Last year 26,000 Which one of the following is closest to this year's forecast using the least squares trend line (regression) for these data? Select one: a. 41,850 b. 26,350 c. 15,500 d. 31,000
A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance Four years Ago 9,000 Three years ago 16,000 Two years ago 19,000 Last year 26,000 Which one of the following is closest to this year's forecast using the least squares trend line (regression) for these data? Select one: a. 41,850 b. 26,350 c. 15,500 d. 31,000
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
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A concert promoter is
Year | Attendance |
Four years Ago | 9,000 |
Three years ago | 16,000 |
Two years ago | 19,000 |
Last year | 26,000 |
Which one of the following is closest to this year's forecast using the least squares trend line (regression) for these data?
Select one:
a. 41,850
b. 26,350
c. 15,500
d. 31,000
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