Question

The Fifth Division of the U. S. Army wants to forecast personnel costs for the next 5 years. A search of the records reveals the accompanying data. Using these data, forecast the personnel costs for 2015, 2016, 2017, 2018, and 2019. Place 90% confidence limits around these estimates.
Year Costs (thousands)
2014 ………………. 51,576
2013 ………………. 49,015
2012 ………………. 40,845
2011 ………………. 34,497
2010 ………………. 28,625
2009 ………………. 25,376
2008 ………………. 21,163
2007 ………………. 18,468
2006 ………………. 14,992
2005 ………………. 13,633
2004 ………………. 12,069
2003 ………………. 11,452
2002 ………………. 10,321
2001 ………………. 9,329
2000 ………………. 7,982
1999 ………………. 7,877
1998 ………………. 7,648
1997 ………………. 7,071
1996 ………………. 6,411
1995 ………………. 5,409
1994 ………………. 4,657
1993 ………………. 4,017


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  • CreatedNovember 11, 2015
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