7 Q4. Annual revenue (in million dollars) earned by the CrazyNet are provided below.20012002 2003 2004 2005 2006 2007 2008 2009 2010YearSales9101218161516121110(a) Obtain forecast for the year 2011 and 2012 by using 2-MA and Exponential smoothingwith w=0.8. Why one of these two methods would perform better if true sales is $10million in 2012?(b) Visualize the trend component that you have obtained in (a) and comment on the preferredtrend model for this data.

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College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...

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Annual revenue (in million dollars) earned by the CrazyNet are provided below. Year 2001 2002 2003 2004 2005 2006 | 2007 | 2008 | 2009 | 2010 Sales 9. 10 12 18 16 15 16 12 11 10