Answered: actual figure instead of the forecast…

actual figure instead of the forecast figure (Year 8 was $23,210,218). Also, consider three incremental changes in forecasting.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Use the most accurate method to forecast the revenues of licenses, permits, and fees in Years 9, 10, and 11. Use the Year 8 actual figure instead of the forecast figure (Year 8 was $23,210,218). Also, consider three incremental changes in forecasting.

Table 1.9
Licenses, Permits, and Fees in Sun Lake
Year
1
2
3
4
5
6
7
8
Revenues ($)
13,717,979
14,369,907
16,232,768
15,693,711
17,684,099
18,276,037
20,289,136
?

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