Number of Certified Organic Farms in the United States, 2001-2008 Year Farms 2001 5,357 5,736 6,470 6,456 6,887 7,820 9,398 10,778 2002 2003 2004 2005 2006 2007 2008 Click here for the Excel Data File a) Fit three trends (linear, quadratic, exponential) to the time series. (A negative value should be indicated ound the intermediate celculetions. Round your final answers to 2 decimal places.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 68E
icon
Related questions
Question
12:17
YG 75%
75°
Number of Certified Organic Farms
in the United States, 2001-2008
TT
Year
Farms
2001
5,357
2002
5,736
6,470
6,456
6,887
7,820
9,398
10,778
2003
2004
2005
2006
2007
2008
Click here for the Excel Data File
(a) Fit three trends (linear, quadratic, exponential) to the time series. (A negative value should be indicated by a min
round the intermediate calculations. Round your final answers to 2 decimal places.)
Linear
Yt =
X++
Quadratic
Yt =
X++
Exponential
Yt =
(b) Use each of the three fitted trend equations to make numerical forecasts for the next three years (Round the interr
calculations to 2 decimal places and round your final answers to 1 decimal place.)
Linear
Exponential
Quadratic
10,
11
Transcribed Image Text:12:17 YG 75% 75° Number of Certified Organic Farms in the United States, 2001-2008 TT Year Farms 2001 5,357 2002 5,736 6,470 6,456 6,887 7,820 9,398 10,778 2003 2004 2005 2006 2007 2008 Click here for the Excel Data File (a) Fit three trends (linear, quadratic, exponential) to the time series. (A negative value should be indicated by a min round the intermediate calculations. Round your final answers to 2 decimal places.) Linear Yt = X++ Quadratic Yt = X++ Exponential Yt = (b) Use each of the three fitted trend equations to make numerical forecasts for the next three years (Round the interr calculations to 2 decimal places and round your final answers to 1 decimal place.) Linear Exponential Quadratic 10, 11
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage