Question
Global defense spending stood at $1.44 trillion in 2009 and is projected to grow at the rate of $0.058 trillion per year through 2018. Find
Global defense spending stood at $1.44 trillion in 2009 and is projected to grow at the rate of $0.058 trillion per year through 2018.
Find a function f(t) giving the projected global defense spending in year t , where t=0 corresponds to 2009.
Hint: The graph of f lies on a straight line.
What is the projected global defense spending in 2018?
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Regression Analysis By Example
Authors: Samprit Chatterjee, Ali S Hadi
5th Edition
1119122732, 9781119122739
