(a) Make an Excel graph of the data on the number of certified organic farms in the...
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(b) Discuss the underlying causes that might explain the trend or pattern.
(c) Use Excel, MegaStat, or MINITAB to t three trends (linear, quadratic, exponential) to the time series.
(d) Which trend model do you think is best to make forecasts for the next 3 years? Why?
(e) Use each of the three fitted trend equations to make numerical forecasts for the next 3 years. How similar are the three models' forecasts?
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Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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