The general fund budget for the state of Kentucky for 1988 (Period 1) to 2011 (Period 24)
Question:
The general fund budget for the state of Kentucky for 1988 (Period 1) to 2011 (Period 24) follows (Northern Kentucky Enquirer, January 18, 2012).
a. Construct a time series plot. What type of pattern exists in the data?
b. Develop a linear trend equation for this time series.
c. What is the forecast for 2012?
Transcribed Image Text:
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Related Book For
Statistics For Business & Economics
ISBN: 9781285846323
12th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran
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