Use the following to answer the question(s) below.
The time series graph below shows annual sales figures (in thousands of dollars) for a well known department store chain.
-Which model would be most appropriate for forecasting this series?
A) Moving Average
B) Single Exponential Smoothing
C) Quadratic Trend
D) Linear Trend
E) Seasonal Regression

Question

Use the following to answer the question(s) below.
The time series graph below shows annual sales figures (in thousands of dollars) for a well known department store chain. 
-Which model would be most appropriate for forecasting this series?
A) Moving Average 
B) Single Exponential Smoothing 
C) Quadratic Trend 
D) Linear Trend 
E) Seasonal Regression

Quizplus · Accepted Answer

A quadratic trend model is appropriate for forecasting a series that shows a curvilinear pattern, which suggests that the data has a non-linear trend component.

Use the Following to Answer the Question(s) Below