Make a forecast for 2005 using a trend model of your choice, Ask an Expert

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Choose one beverage category and plot the data. (b) Describe the trend (if any) and discuss possible causes. (c) Would a fitted trend be helpful? Explain. (d) Fit several trend models. Which is best, and why? If none is satisfactory, explain. (e) Make a forecast for 2005, using a trend model of your choice or a judgment forecast. Discuss. Note: Time increments are 5 years, so use t = 6 for your 2005 forecast.

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