Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Below table shows the growth rate of a perennial plant in different months of a year. Month Growth rate 2 2 1.9 2.85 4.8

image text in transcribed
1. Below table shows the growth rate of a perennial plant in different months of a year. Month Growth rate 2 2 1.9 2.85 4.8 6 7.7 11.5 16.4 9 22.3 10 29.1 a) Please write down the formula of the three trend models. Keep all coefficients in three decimal places. Model Formula Linear Vi = But B - Ti+ = Yi= -9.39 +3.39 Quadratic Y = Bo + Bi (Trend) + Pz(Trend) + Exponential (in linear format) log(Y) = log(B.) + Ti log(B,) + log(=) Exponential (in non linear format) Y = Bo' By b) Please use the three trend models to predict the growth rate in Months 11 and 12. Please fill in the forecasts ()) in the appropriate columns and round all final answers to whole numbers (ie no decimal placela Model VnI V12 Linear Quadratic Exponential (in non linear format c. Based on the MAD of the three trend models in c), what model is the most suitable to forecast the growth rate of the perennial plant? Please explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra And Trigonometry A Unit Circle Approach,

Authors: Mark Dugopolski

6th Edition

0321867564, 9780321867568

More Books

Students also viewed these Mathematics questions