9 The U.S. GNP during the years 19751984 is given in Table 32 in billions of dollars
Question:
9 The U.S. GNP during the years 1975–1984 is given in Table 32 in billions of dollars (file GNP.xls).
a Plot x years after 1974 against GNP, and use the plot to describe how to fit a curve that could be used to predict GNP during future years.
b When the regression on transformed data is done, we find that bˆ0 6.86 and bˆ 1 0.105. What is the prediction for 1985 GNP?
Step by Step Answer:
Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
Question Posted: