Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This is a two part question, please see both pics to give complete answer. Number of Certified Organic Farms in the United States, 2001-2008 Year
This is a two part question, please see both pics to give complete answer.
Number of Certified Organic Farms in the United States, 2001-2008 Year Farms 2001 7,470 2002 7, 841 2003 8,587 2004 8,571 2005 9,022 2006 10, 004 2007 11, 678 2008 13, 153 & Click here for the Excel Data File a) Fit three trends (linear, quadratic, exponential) to the time series. (A negative value should be indicated by a minus sign. Do not ound the intermediate calculations. Round your final answers to 2 decimal places.) Linear Y't = X+ + Quadratic y't X+ .24 Xt + Exponential Y't = X{b} Use each of the three tted trend equations to make numerical forecasts for the next three years. {Round the intermediate calculations to 2 decimal places and round your final answers to 1 decimal place.} [- Linear Exponential Quadratic '3 18 11Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started