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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271 Exercise 16
Automobile unit sales at B.J. Scott Motors, Inc., provided the following 10-year time series: 
a. Construct a time series plot. Comment on the appropriateness of a linear trend.
b. Use Excel Solver or LINGO, develop a quadratic trend equation that can be used to forecast sales.
c. Using the trend equation developed in part (b), forecast sales in year 11.
d. Suggest an alternative to using a quadratic trend equation to forecast sales. Explain.
a. Construct a time series plot. Comment on the appropriateness of a linear trend.
b. Use Excel Solver or LINGO, develop a quadratic trend equation that can be used to forecast sales.
c. Using the trend equation developed in part (b), forecast sales in year 11.
d. Suggest an alternative to using a quadratic trend equation to forecast sales. Explain.
Explanation
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Construct a time series plot using excel...
An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
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