Suppose a time-series plot shows that the data in question exhibit an increasing trend along with a seasonal pattern. Which of the following forecasting techniques would be appropriate? simple exponential smoothing Omoving average O double exponential smoothing multiple regression with dummy variables for the seasonal components

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**Forecasting Techniques for Time-Series Data with Trend and Seasonality**

Suppose a time-series plot shows that the data in question exhibit an **increasing trend** along with a **seasonal pattern**. Which of the following forecasting techniques would be appropriate?

- Simple exponential smoothing
- Moving average
- Double exponential smoothing
- Multiple regression with dummy variables for the seasonal components

This question addresses identifying the best forecasting technique when dealing with time-series data that displays both a trend and seasonal variations.
Transcribed Image Text:**Forecasting Techniques for Time-Series Data with Trend and Seasonality** Suppose a time-series plot shows that the data in question exhibit an **increasing trend** along with a **seasonal pattern**. Which of the following forecasting techniques would be appropriate? - Simple exponential smoothing - Moving average - Double exponential smoothing - Multiple regression with dummy variables for the seasonal components This question addresses identifying the best forecasting technique when dealing with time-series data that displays both a trend and seasonal variations.
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