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Managerial Economics 13th Edition by James McGuigan,Charles Moyer,Frederick Harris
Edition 13ISBN: 978-1285420929Managerial Economics 13th Edition by James McGuigan,Charles Moyer,Frederick Harris
Edition 13ISBN: 978-1285420929 Exercise 12
Lumber Price Forecast
One of the most important variables that must be forecasted accurately to project the cost of single-family home construction is the price of Southern pine framing lumber. Use the following data to forecast two- and four-year-ahead lumber prices. Compare the forecast accuracy of at least two alternative forecasting methods.
Lumber Price Index
Data are available as an Excel file on the book's Web site.
One of the most important variables that must be forecasted accurately to project the cost of single-family home construction is the price of Southern pine framing lumber. Use the following data to forecast two- and four-year-ahead lumber prices. Compare the forecast accuracy of at least two alternative forecasting methods.
Lumber Price Index
Data are available as an Excel file on the book's Web site.
Explanation
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Moving averages is one of the forecastin...
Managerial Economics 13th Edition by James McGuigan,Charles Moyer,Frederick Harris
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