A magazine ranks Football teams by value each year. The following data are the value of the Indianapolis Colts from 1998 to 2008 (Forbes website).

Year Period Value ($millions)

1998 1 227

1999 2 305

2000 3 332

2001 4 367

2002 5 419

a.Plot the given data.

b.Forecast for period 6 using nave method and 3-month moving average.

c) Forecast for period 6 using trend projection.

d.Assume the base value at the end of period 4 was 390 million and the trend was -27. What would be the forecast for the period 7 made at the end of period 5. (=0.2, =0.4)

e.Use the model you recommended to forecast the value of the Colts in 2005.