Purchase Solution

exponential trend forecasting

Not what you're looking for?

Ask Custom Question

See attached file.

Are gasoline prices higher during the height of the summer vacation season? The table stored in the file unleaded.xls contains the mean monthly prices (in dollars per gallon) for unleaded gasoline in the United States from 2000 to 2005.

a) Construct a time series plot

b) Develop an exponential trend forecasting equation for monthly data

c) Interpret the monthly compound growth rate

d) Interpret the monthly multipliers

Attachments
Purchase this Solution
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

View More Free Quizzes
Related BrainMass Solutions

  • Compariosn of forecasting methods

    78864 Forecasting:"Exponential smoothing", "Moving averages","Weighted moving average","Exponential smoothing with trend", (See attached file for full problem description) Your manager is trying to determine what forecasting method to use.

  • Forecasting & Scatter Diagrams

    In the exponential smoothing forecasting method, a is the slope of the trend line. new forecast. Y-axis intercept. independent variable. trend smoothing constant.

  • Small questions on Forecasting

    Regards Neha This posting containis 2 small forecasting questions which involve forecasting using Regression, Exponential Smoothing and Exponential smoothing with trend and calculation of MAD and tracking signal for each of the forecast.

  • Time series using forecast accuracy and suitability of methods

    For the last forecasting technique i.e. trend seasonal exponential smoothing, we fix the value of gamma using the best-fit model.

  • Forecasting

    453728 Forecasting using exponential smoothing A company uses exponential smoothing with trend to forecast monthly sales of its product, which show a trend pattern. At the end of week 5, the company wants to forecast sales for week 6.

  • Forecasting methods in Excel

    Develop an appropriate forecast using a simple exponential smoothing approach. c. Develop an appropriate forecast using exponential smoothing with trend (Holt's method.) d.

  • MCQs on forecasting methods/techniques

    exponential smoothing B. compound growth rate C. trend analysis D. moving averages 9.

  • How to gauge validity of business forecasts

    The idea is that the data being used in the forecast must be computed using the following forecasting models: a. Moving average b. Weighted moving average c. Exponential smoothing d. Exponential smoothing with trend e. Trend projection f.

  • Forecasting

    The trend is_198_ units. The forecast including trend is__1378_ units. The solution illustrates a forecasting problem using exponential smoothing.

View More Related Solutions