U.S. Civilian Labor Force (thousands) | ||||
Year | Labor Force | Year | Labor Force | |
2007 | 153,918 | 2012 | 155,628 | |
2008 | 154,655 | 2013 | 155,151 | |
2009 | 153,111 | 2014 | 156,238 | |
2010 | 153,650 | 2015 | 157,957 | |
2011 | 153,995 | 2016 | 159,640 | |
Click here for the Excel Data File
(a) Make a line graph of the U.S. civilian labor
force data.
Line Graph A | Line Graph B | Line Graph C | Line Graph D |
Line Graph A
Line Graph B
Line Graph C
Line Graph D
(b) Describe the trend (if any) and discuss
possible causes.
Trend is (Click to
select) positive negative . There
seems to be an (Click to
select) increase decrease in the
rate of growth over the past few years.
(c) Fit three trend models: linear, exponential,
and quadratic. Which model would offer the most believable
forecasts? (You may select more than one answer. Click the
box with a check mark for the correct answer and double click to
empty the box for the wrong answer.)
(d) Make forecasts using the following fitted trend models
for years 2017-2019. (Round your answers to the nearest
whole number.)
t | Linear | Quadratic | Exponential |
11 | |||
12 | |||
13 | |||
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Question 14 of 15 Total14 of 15
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A)
Please find below the Graph Requested
B) The trend is naturally quite Posite in nature. Ofcourse it's seems to be increase in the rate of growth campared with the past few years
C) In the given I prefer to choose Quadratic model because I believed that this model is mos suitable for the forcast.
D) Please find forcast details below
T | Linear | Quadratic | Exponetial |
11 | 158608 | 161301 | 158541 |
12 | 159192 | 163354 | 159129 |
13 | 159776 | 165653 | 159719 |
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