Forcasting Models and Multiple Regression
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Study Question dealing with forcasting models using mutiple regression, holts method, simple exponential smoothing, and the winters method to make predictions.
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a. Use this data and multiple regression to make predictions for the motel chain's sales during the next 4 quarters. Assume that advertising during each of the next 4 quarters is $50,000.
b. Use the Holt method to make forecasts for the motes chain's sales during the next 4 quarters.
c. Use simple exponential smoothing to make predictions for the motel chain's sales during the next 4 quarters.
d. Use the Winters method to determine predictions for the motel chain's sales during the next 4 quarters.
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The expert examines forecasting models and multiple regression.
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