Question
Number of Certified Organic Farms in the United States 2001-5,511 2002-5,861 2003-6,589 2004-6,578 2005-7,075 2006-7,985 2007-9,777 2008-11,347 (a) Use Excel, MegaStat, or MINITAB to fit
Number of Certified Organic Farms
in the United States 2001-5,511 2002-5,861 2003-6,589 2004-6,578 2005-7,075 2006-7,985 2007-9,777 2008-11,347
(a)Use Excel, MegaStat, or MINITAB to fit three trends (linear, quadratic, exponential) to the time series.(A negative value should be indicated by a minus sign.Do not round the intermediate calculations.Round your finalanswers to 2 decimal places.)
Linearyt=xt+Quadraticyt=xt2+xt+Exponentialyt=ex
(b)Use each of the three fitted trend equations to make numerical forecasts for the next 3 years.(Round the intermediate calculations to 2 decimal places and round your finalanswers to 1 decimal place.)
tLinearExponentialQuadratic91011
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
