Which of the following formulas is used to make forecasts using the exponential trend model?

Question

Quizplus · Accepted Answer

The formula for making forecasts using the exponential trend model is Yt = a * (b^t), where Yt represents the forecasted value for time period t, a represents the initial value of the series, b represents the growth factor, and t represents time. The formula listed in option B contains the variables needed to make a forecast using this model.

Which of the Following Formulas Is Used to Make Forecasts