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    Statistics - Time series equation - non-linear trend

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    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 June 3, 2020, 7:52 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

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