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I have the correct answers. Please provide a detailed step by step on how to calculate each question. Use the following information to calculate your
I have the correct answers. Please provide a detailed step by step on how to calculate each question.
Use the following information to calculate your answers to questions 8 and 9.
Student enrollment at a university over the past six years is given below.
Year (t) | Enrollment (In 1,000s) |
1 | 6.30 |
2 | 7.70 |
3 | 8.00 |
4 | 8.20 |
5 | 8.80 |
6 | 8.00 |
1. What is the linear trend expression for the above time series?The correct answer is: Tt= 6.63 + 0.34t
2. Based on the model you determined in the question above, what is the forecast enrollment for year 10?The correct answer is: 10,062.00 students
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