Using the index (with 1985=100) on housing starts in the US per year from 1986 to 1997 given in the
Question: Using the index (with 1985=100) on housing starts in the US per year from 1986 to 1997 given in the table below, forecast the index for 1998 using a three-year and a five-year moving average. Which of your estimates is better if the actual index of housing starts in the US for 1998 is 163?
\[\begin{aligned} & \text{1985}=\text{1}00 \\ & \text{1998}=\text{163} \\ \end{aligned}\]1986 | 1987 | 1988 | 1989 | 1990 | 1991 |
116 | 122 | 121 | 121 | 111 | 97 |
1992 | 1993 | 1994 | 1995 | 1996 | 1997 |
113 | 125 | 146 | 142 | 156 | 162 |
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Deliverables: Word Document
Deliverables: Word Document