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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 20
Forbes magazine (www.Forbes.com) ranks NFL teams by value each year. The data below are the value of the Indianapolis Colts from 1998 to 2008. 
a. Construct a time series plot. What type of pattern exists in the data?
b. Using Excel Solver or LINGO, develop the quadratic trend equation that can be used to forecast the team's value.
c. Using Excel Solver or LINGO, develop the exponential trend equation that can be used to forecast the team's value.
d. Using Excel Solver or LINGO, develop the linear trend equation that can be used to forecast the team's value.
e. Which equation would you recommend using to estimate the team's value in 2009?
f. Use the model you recommended in part (e) to forecast the value of the Colts in 2009.
a. Construct a time series plot. What type of pattern exists in the data?
b. Using Excel Solver or LINGO, develop the quadratic trend equation that can be used to forecast the team's value.
c. Using Excel Solver or LINGO, develop the exponential trend equation that can be used to forecast the team's value.
d. Using Excel Solver or LINGO, develop the linear trend equation that can be used to forecast the team's value.
e. Which equation would you recommend using to estimate the team's value in 2009?
f. Use the model you recommended in part (e) to forecast the value of the Colts in 2009.
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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