The population (p) of a small community on the outskirts of a city grows rapidly over a 20- year period: t (time) p (population) 10 15 20 100 200 450 950 2000 As an engineer working for a utility company, you must forecast the population 5 years into the future in order to anticipate the demand for power. Use an exponential model and linear regression to make this prediction. Determine r?. Plot the data along with the curve.

The population (p) of a small community on the outskirts of a city grows rapidly over a 20- year period: t (time) p (population) 10 15 20 100 200 450 950 2000 As an engineer working for a utility company, you must forecast the population 5 years into the future in order to anticipate the demand for power. Use an exponential model and linear regression to make this prediction. Determine r?. Plot the data along with the curve.

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter24: Forecasting Models

Section24.4: Winter’s Method: Exponential Smoothing With Seasonality

Problem 15P

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