Question
On the following table gives the average monthly exchange rate between the U.S. dollar and the euro for 2009. It shows that 1 euro was
On the following table gives the average monthly exchange rate between the U.S. dollar and the euro for 2009. It shows that 1 euro was equivalent to 1.324 U.S. dollars in January 2009. I need to develop a trend line that could be used to predict the exchange rate for 2010 and use this model to predict the exchange rate for January 2010 and February 2010.
MONTH EXCHANGE RATE
January 1.324
February 1.278
March 1.305
April 1.320
May 1.363
June 1.402
July 1.409
August 1.427
September 1.456
October 1.482
November 1.491
December 1.461
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Financial Accounting Information for Decisions
Authors: John J. Wild
9th edition
1259917045, 978-1259917042
