(See Solution) The following data, stored in Hotels, provide the average hotel room rate from 1996 to 2006: Construct a time-series plot. What pattern,


Question: The following data, stored in Hotels, provide the average hotel room rate from 1996 to 2006:

  1. Construct a time-series plot.
  2. What pattern, if any, is present in the data?
  3. If you had to make a prediction about the average room rate in 2007, what would you predict?

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