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BUS 3059 Week-5 Assignment-3 - Trend Model
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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.
Answer will be sent by email. It may take few hours to send the answer. You may email us if you have any query.
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.
Answer will be sent by email. It may take few hours to send the answer. You may email us if you have any query.
