The file P12_11.xlsx contains annual U.S. federal debt from 1960 through 2011. Fit an exponential growth curve
Question:
The file P12_11.xlsx contains annual U.S. federal debt from 1960 through 2011. Fit an exponential growth curve to these data. Write a short report to summarize your findings. If the U.S. federal debt continues to rise at the exponential rate you find, approximately what will its value be at the end of 2020?
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Year Federal debt LogFederal debt Time index 1960 2905 5671689631 1 1961 2926 5678970522 2 1962 3029 5713495154 3 1963 3103 5737616913 4 1964 3161 5755928905 5 1965 3223 5775538636 6 1966 3285 5794530...View the full answer
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