c. Exponential Trend: In(y) = 1.5 + 0.09t,se - 0.03 (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 23SE: The US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the...
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A, b, c
Consider the following estimated trend models. Use them to make a forecast for t= 21.
a. Linear Trend:
= 12.35 + 1.22t (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
b. Quadratic Trend:
= 17.81 + 1.01t - 0.05t2 (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Transcribed Image Text:Consider the following estimated trend models. Use them to make a forecast for t= 21. a. Linear Trend: = 12.35 + 1.22t (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) b. Quadratic Trend: = 17.81 + 1.01t - 0.05t2 (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
c. Exponential Trend:
In(y)
= 1.5 + 0.09t, se - 0.03 (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Transcribed Image Text:c. Exponential Trend: In(y) = 1.5 + 0.09t, se - 0.03 (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
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