The file Auto Production contains the number of automobiles assembled in the United States (in thousands) from
Question:
The file Auto Production contains the number of automobiles assembled in the United States (in thousands) from 1999 to 2018.
a. Plot the data.
b. Compute a linear trend forecasting equation and plot the trend line.
c. Compute a quadratic trend forecasting equation and plot the results.
d. Compute an exponential trend forecasting equation and plot the results.
e. Which model is the most appropriate?
f. Using the most appropriate model, forecast the U.S. automobiles assembled for 2019.
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780135969854
9th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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