(c) The last ve values of the series are given below: Year 1935 1936 1937 1938 1939...

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(c) The last ¯ve values of the series are given below:

Year 1935 1936 1937 1938 1939 Millions of sheep 1648 1665 1627 1791 1797 Given the estimated parameters are Á1 = 0:42, Á2 =

¡0:20, and Á3 = ¡0:30, give forecasts for the next three years (1940{1942).

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Forecasting Methods And Applications

ISBN: 9780471532330

3rd Edition

Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman

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