Explore BrainMass
Share

Statistics - Time series equation - non-linear trend

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Mabel's is open from 8AM til 2 PM to serve breakfast and lunch
Her accountant has said that he can take the number of customers
over the last three years and predict the volume for the next year

Year Time Period Customers
2003 8-10 1200
10-12 1412
12-2 1810
2004 8-10 1320
10-12 1520
12-2 2102
2005 8-10 1530
10-12 1670
12-2 2310
2006 8-10 ?
10-12 ?
12-2 ?

Demonstrate how you can do this and estimate the error that will be involved.
Please show work

© BrainMass Inc. brainmass.com March 21, 2019, 2:07 pm ad1c9bdddf
https://brainmass.com/statistics/time-series-analysis/statistics-time-series-equation-non-linear-trend-114537

Solution Preview

The predicted no. of customers for the time-period 8 - 10 during the year 2006 is ...

Solution Summary

The solution to the posted problem is given with every detailed step and explanation so that the student could easily understand the procedure and use this solution to solve other similar problems.

$2.19