Will you limit the point forecast and prediction interval

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Reference no: EM132250947

A manager of a optical store requests you to generate a quantitative forecast with a prediction interval for the following;

The average charge for an eye examination in the city over the next five years.The manager explained that government health regulations set an upper ceiling of $125 per eye examination. Historical data shows that charges have been increasing every year, and that the average charge last year is $115. (All prices adjusted for inflation).

Will you limit the point forecast and the prediction interval in any way? Explain your answer.

Reference no: EM132250947

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