The Seneca Childrens Fund (SCC) is a local charity that runs a summer camp for disadvantaged children.
Question:
a. Construct a time series plot. What type of pattern exists in the data?
b. Use Excel Solver or LINGO to find the parameters for the line that minimizes MSE this time series.
c. Forecast the percentage of administrative expenses for 2010.
d. If SCC can maintain their current trend in reducing administrative expenses, how long will it take them to achieve a level of 5% orless?
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Related Book For
An Introduction To Management Science Quantitative Approaches To Decision Making
ISBN: 226
13th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
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