Question: 8. Consider the data in the Excel file Consumer Price Index. a. Use simple linear regression to forecast the data. What would be the forecasts

8. Consider the data in the Excel file Consumer Price Index.

a. Use simple linear regression to forecast the data. What would be the forecasts for the next 2 years?

b. Use the double exponential smoothing procedure in XLMiner to find forecasts for the next 2 years.

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