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Forcasting Models and Multiple Regression
Study Question dealing with forcasting models using mutiple regression, holts method, simple exponential smoothing, and the winters method to make predictions.
(See attached file for full problem description)
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a. Use this data and multiple regression to make predictions for the motel chain`s sales during the next 4 quarters. Assume that advertising during each of the next 4 quarters is $50,000.
b. Use the Holt method to make forecasts for the motes chain`s sales during the next 4 quarters.
c. Use simple exponential smoothing to make predictions for the motel chain`s sales during the next 4 quarters.
d. Use the Winters method to determine predictions for the motel chain`s sales during the next 4 quarters.
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