Question

Despite the growth in digital entertainment, the nations 400 amusement parks have managed to hold on to visitors. A manager
Paste BI Url B2 X ✓ fx 360 А B с D 1 2 3 5 Year 2000 2001 2002 2003 2004 2005 2006 2007 Visitors 360 322 324 315 315 308 313
b-2. Calculate the MSE for both trends. (Do not round estimates ot intermea places.) ped Linear Trend Exponential Trend MSE B
b-3. By comparing MSE, which of the above methods perform better? O Linear trend O Exponential trend c-1. Using the model of
0 0
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Answer #1
Variable linear exponential
intercept 342.11 5.83
t -4.44 -0.01
std error 12.90 0.04
MSE 124.84 122.49

Exponential trend

Forecast 303.3
Forecast 299.3
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