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The controller of a small construction company is attempting to forecast expenses for the next year. The accompanying data file contains quarterly data on expenses

image text in transcribedThe controller of a small construction company is attempting to forecast expenses for the next year. The accompanying data file contains quarterly data on expenses (in $1,000s) over the past 10 years. Estimate the exponential trend model with seasonal dummy variables to forecast expenses for the first two quarters of 2020.

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