Assignment 3: Trend Models
Obtain Home Depot's annual sales for the past 10 years. You can obtain this data from the Internet.
• Create a linear trend model of that data.
• Calculate the coefficient of determination.
• Interpret the coefficient of determination.
• Forecast Home Depot's annual sales for next year.
• Would an exponential model be a better model to use here than a linear trend model? Why or why not?
Submit your answers in a two- to three-page Microsoft Word document and a Microsoft Excel sheet.
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Obtain Home Depot's annual sales for the past 10 years. You can obtain this data from the Internet.
• Create a linear trend model of that data.
• Calculate the coefficient of determination.
• Interpret the coefficient of determination.
• Forecast Home Depot's annual sales for next year.
• Would an exponential model be a better model to use here than a linear trend model? Why or why not?
Submit your answers in a two- to three-page Microsoft Word document and a Microsoft Excel sheet.
Get Answer
