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USE FOR QUESTIONS 24 AND 25. I teleported myself to the future and collected data on corn yields for White Horse Junction in the Yukon

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USE FOR QUESTIONS 24 AND 25. I teleported myself to the future and collected data on corn yields for White Horse Junction in the Yukon Territory (by this time corn farming is possible in the arctic due to global warming). Using some of the data collected I estimated a linear trendline model: predicted yield = 50 +0.9*T The table below contains some out of sample forecasting calculations. The forecasting error is defined as actual xld - predicted yld. Actual Yld 107 Yld Forecast Year 2201 2202 Error T 153 154 -27 24. What is the forecasted yield for year 2201? a. 50 b. 188 C. 2032 d. 203 25. What was the actual yield in 2202? a. 162 b. 189 c.146 d.200 26. True or False: If corn prices go up we would expect corn producer total revenue to go down

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