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the following table gives the average monthly exchange rate between the u.s. dollar and the euro for 2009. It shows that 1 euro was equivalent to 1.324 US Dollars in january 2009. Develop a trend line that could be used to predict the exchange rate for 2010. Use this model to predict the exchange rate for January 2010 and February 2010. Month Exchange rate Jan 1.324 Feb 1.278 March 1.305 April 1.320 May 1.363 June 1.402 July 1.409 August 1.427 September- 1.456 October- 1.482 November -1.491 December- 1.461 Solution http://www.x-rates.com/average/?from=EUR&to=USD&amount=1&year=2012.

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- 1. the following table gives the average monthly exchange rate between the u.s. dollar and the euro for 2009. It shows that 1 euro was equivalent to 1.324 US Dollars in january 2009. Develop a trend line that could be used to predict the exchange rate for 2010. Use this model to predict the exchange rate for January 2010 and February 2010. Month Exchange rate Jan 1.324 Feb 1.278 March 1.305 April 1.320 May 1.363 June 1.402 July 1.409 August 1.427 September- 1.456 October- 1.482 November -1.491 December- 1.461 Solution http://www.x-rates.com/average/?from=EUR&to=USD&amount=1&year=2012