Applied Statistics in Business and Economics
Applied Statistics in Business and Economics
5th Edition
ISBN: 9780077837303
Author: David Doane, Lori Seward Senior Instructor of Operations Management
Publisher: McGraw-Hill Education
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Chapter 14.2, Problem 3SE

a.

To determine

Construct Excel line graph for the data on employee work stoppages.

b.

To determine

Explain the underlying causes which explains about the trend or pattern.

c.

To determine

Fit three trend models: linear, exponential and quadratic for the given time series.

d.

To determine

Explain the best trend model and if none is satisfactory explain the reason.

e.

To determine

Create numerical forecasts for the next 3 years by using any trend model or judgement forecast.

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Applied Statistics in Business and Economics

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