Which of preceding equations is better fit to time series

Reference no: EM131409745

From 1990 through 1996, average monthly cable TV bills were as shown below.

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a. Fit a linear trend equation to the time series. Using this equation, determine the trend estimate for 2010.

b. Fit a quadratic equation to the time series, then use the equation to determine the trend estimate for 2010.

c. Which of the preceding equations is the better fit to the time series if the MAD criterion is used? If the MSE criterion is used?

Reference no: EM131409745

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