Chapter 16, Problem 17PS

The file CarProduction contains the number of passenger cars produced in the U.S. from 1999 to 2012. (Data extracted from www.statista.com.)

a. Plot the data.

b. Compute a linear trend forecasting equation and plot the trend line.

c. Compute a quadratic trend forecasting equation and plot the results.

d. Compute an exponential trend forecasting equation and plot the results.

e. Which model is the most appropriate?

f. Using the most appropriate model, forecast the U.S. car production for 2013.