Consider the following estimated trend models. Use them to make
a forecast for t = 19.
a. Linear Trend: yˆ = 14.19 + 1.09t
(Round intermediate calculations to at least 4 decimal
places and final answer to 2 decimal places.)
y^= ______________
b. Quadratic Trend: y^ = 18.65 + 0.91t −
0.04t2(Round intermediate calculations
to at least 4 decimal places and final answer to 2 decimal
places.)
y^: ____________
c. Exponential Trend: ln(y)^ = 2.1 +
0.08t; se = 0.01 (Round
intermediate calculations to at least 4 decimal places and final
answer to 2 decimal places.)
y^: ___________
Get Answers For Free
Most questions answered within 1 hours.