The data shown in the following table (and stored in Solar Power) represent the yearly amount of

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The data shown in the following table (and stored in Solar Power) represent the yearly amount of solar power installed (in megawatts) in the United States from 2000 through 2008:
Year Amount of Solar Power Installed
2000.........................................18
2001.........................................27
2002.........................................44
2003.........................................68
2004.........................................83
2005.......................................100
2006.......................................140
2007.......................................210
2008.......................................250
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. Using the models in (b) through (d), what are your annual trend forecasts of the yearly amount of solar power installed (in megawatts) in the United States in 2009 and 2010?
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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