Question

# U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 153,918 2012 155,628 2008...

 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.)

• Linearunanswered
• Quadraticunanswered
• Exponentialunanswered

(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

Next Visit question map

Question 14 of 15 Total14 of 15

Prev

#### Homework Answers

Answer #1

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
Know the answer?
Your Answer:

#### Post as a guest

Your Name:

What's your source?

#### Earn Coins

Coins can be redeemed for fabulous gifts.

##### Not the answer you're looking for?
Ask your own homework help question
ADVERTISEMENT
##### Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

ADVERTISEMENT