Modelling Trends and Forecasting is a part of the VCE Further Maths topic Data Analysis. It is part of the subtopic Investigating and Modelling Time Series Data. Trend models are use exist data to predict future outcomes. These models usually use smooth data to make it easier to read and interpret. It involves fitting a line of best fit, and using it to extrapolate.
How Do I Forecast Using a Model?
Watch this video to learn how to create a line of best fit to suit your data. This line will be then used to forecast.
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