If a fitted trend equation is y_t = 227e^-.098^t then the forecast for period 5 is: A)372. B)-87. C)-216. D)139.

Name: If a fitted trend equation is y t = 227e -.098 t then the forecast for period 5 is: A)372. B)-87. C)-216. D)139.
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

To find the forecast value for period 5, we substitute t=5 in the given trend equation:

y(5) = 227e^(-0.098*5) + 139

y(5) = 227e^(-0.49) + 139

y(5) ≈ 372

Therefore, the best choice is D, which gives the closest value to the forecast of 372.

If a Fitted Trend Equation Is Yt = 227e-

If a Fitted Trend Equation Is Y_t = 227e^-