(Situation J) The table lists the number (in millions) of Chevrolet passenger cars sold to dealers in the U.S. and Canada from 1980 to 1985. $$\begin{array} { l l }
\hline \text { Year } & \text { Sales } \
\hline 1980 & 1.740 \
1981 & 1.444 \
1982 & 0.896 \
1983 & 1.289 \
1984 & 1.455 \
1985 & 4.882 \
\hline
\end{array}$$
-Use the Holt forecasting model with trend to forecast the number of Chevrolet passenger cars sold to U.S. and Canadian dealers in 1990 using $\mathrm { w } = 0.4 \text { and } \mathrm { v } = 0.5$
A) 8.952 million cars
B) 8.72 million cars
C) 6.068 million cars
D) 6.39 million cars

Question

(Situation J) The table lists the number (in millions) of Chevrolet passenger cars sold to dealers in the U.S. and Canada from 1980 to 1985. $$\begin{array} { l l } 
\hline \text { Year } & \text { Sales } \
\hline 1980 & 1.740 \
1981 & 1.444 \
1982 & 0.896 \
1983 & 1.289 \
1984 & 1.455 \
1985 & 4.882 \
\hline
\end{array}$$
-Use the Holt forecasting model with trend to forecast the number of Chevrolet passenger cars sold to U.S. and Canadian dealers in 1990 using $\mathrm { w } = 0.4 \text { and } \mathrm { v } = 0.5$
A) 8.952 million cars
B) 8.72 million cars
C) 6.068 million cars
D) 6.39 million cars

Quizplus · Accepted Answer

The Holt forecasting model with trend is used to predict future values by considering both the level and trend of the data. Using the given weights $ w = 0.4 $ and $ v = 0.5 $, the forecast for 1990 is calculated to be approximately 6.068 million cars.

(Situation J) the Table Lists the Number (In Millions) of Chevrolet