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A manager of a optical store requests you to generate a quantitative forecast with a prediction interval for the following; * The average charge for
A manager of a optical store requests you to generate a quantitative forecast with a prediction interval for the following; * The average charge for an eye examination in the city over the next five years.The manager explained that government health regulations set an upper ceiling of $125 per eye examination. Historical data shows that charges have been increasing every year, and that the average charge last year is $115. (All prices adjusted for inflation). Will you limit the point forecast and the prediction interval in any way? Please explain your
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