Determine the equation of the trend line for the data shown below on Canadian balance of payments for exports of wheat over a five- year period provided by Statistics Canada. Using the trend line equation, forecast the value for the year 2021. Export-Balance of Payments (Unadjusted)–Wheat ($ millions) Year 2015 646.4 2016 546.4 2017 570.0 2018 592.4 2019 831.2 (Do not rou the intermediate values. Round your answers to 2 decimal places, e.g. 1.75.) ŷ = + ŷ (2022) = ($millions)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
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Determine the equation of the trend line for the data shown below on Canadian balance of payments for exports of wheat over a five-
year period provided by Statistics Canada. Using the trend line equation, forecast the value for the year 2021.
Export-Balance of Payments
(Unadjusted)–Wheat ($ millions)
Year
2015
646.4
2016
546.4
2017
570.0
2018
592.4
2019
831.2
(Do not round the intermediate values. Round your answers to 2 decimal places, e.g. 1.75.)
+
ŷ (2022) =
($millions)
Transcribed Image Text:Determine the equation of the trend line for the data shown below on Canadian balance of payments for exports of wheat over a five- year period provided by Statistics Canada. Using the trend line equation, forecast the value for the year 2021. Export-Balance of Payments (Unadjusted)–Wheat ($ millions) Year 2015 646.4 2016 546.4 2017 570.0 2018 592.4 2019 831.2 (Do not round the intermediate values. Round your answers to 2 decimal places, e.g. 1.75.) + ŷ (2022) = ($millions)
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