Which trend would you choose to forecast the number of water damage claims in 2010?
A)Exponential model.
B)Polynomial model.
C)They are equivalent.

Question

Which trend would you choose to forecast the number of water damage claims in 2010?  
A)Exponential model. 
B)Polynomial model. 
C)They are equivalent.

Quizplus · Accepted Answer

Exponential models are commonly used to forecast trends that are growing or decaying at a steady rate, such as the number of water damage claims. Polynomial models are better suited for predicting trends that have more complex patterns, such as seasonal fluctuations or periods of rapid growth and decline. Therefore, the best choice for forecasting the number of water damage claims in 2010 would be an exponential model.

Which Trend Would You Choose to Forecast the Number of Water