Consider the following to answer the question(s) below:
Annual estimates of the population in a certain city from 2005 (t = 1) onward are shown in the time series graph below.
-The forecasting method that will most likely be best for this time series is
A) single exponential smoothing with α = 0.1.
B) quadratic trend.
C) moving average with L = 2.
D) naïve.
E) linear trend.

Question

Consider the following to answer the question(s) below:
Annual estimates of the population in a certain city from 2005 (t = 1) onward are shown in the time series graph below. 
-The forecasting method that will most likely be best for this time series is
A) single exponential smoothing with α = 0.1. 
B) quadratic trend. 
C) moving average with L = 2. 
D) naïve. 
E) linear trend.

Quizplus · Accepted Answer

A quadratic trend is suitable for time series data that shows a curvilinear pattern, which can capture both linear and non-linear trends effectively.

Consider the Following to Answer the Question(s) Below