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The US Census Bureau publishes data on factory orders for all manufacturing durable goods, and nondurable goods industries . Data shown here are the factory
The US Census Bureau publishes data on factory orders for all manufacturing durable goods, and nondurable goods industries . Data shown here are the factory orders in the united states over last 6 years.
year | Factory order ($100billion) |
1 | 26 |
2 | 28 |
3 | 30 |
4 | 26 |
5 | 29 |
6 | 34 |
Question: What would be the forecast for period 5 when Using Nave forecast method ? Write only forecast value with maximum 2 decimal points
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