Question
Data on the corn consumption in Wisconsin from the year 2000 to 2013 is given. Fit a linear, exponential and quadratic trend model and select
Data on the corn consumption in Wisconsin from the year 2000 to 2013 is given. Fit a linear, exponential and quadratic trend model and select the best model. Based on the selected model, forecast the 2014 corn consumption levels.
year | corn consumption
2000 188.40
2001 185.55
2002 181.50
2003 178.20
2004 175.35
2005 173.85
2006 174.30
2007 172.65
2008 171.00
2009 169.65
2010 168.15
2011 166.17
2012 164.19
2013 162.21
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