(a) Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes....
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(b) Describe the pattern and discuss possible causes.
(c) Would a fitted trend be helpful? Explain.
(d) Make a similar graph for 19932008 only. Would a fitted trend be helpful in making a prediction for 2009?
(e) Fit a trend model of your choice to the 19932008 data.
(f) Make a forecast for 2009, using either a fitted trend model or a judgment forecast.
(g) Might it be best to ignore earlier years in this data set?
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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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