Determine the equation of the trend line for the data shown below on U.S. exports of fertilizers

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Determine the equation of the trend line for the data shown below on U.S. exports of fertilizers to Indonesia over a five-year period provided by the U.S Census Bureau. Using the trend line equation, forecast the value for the year 2011.

Year Fertilizer ($ millions)

2005 ........11.9

2006 ........17.9

2007 ........22.0

2008 ........21.8

2009 ........26.0

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 05:50 AM

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Determine the equation of the trend line for the data shown below on U.S. exports of fertilizers

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Year Fertilizer 2005 119 2006 179 2007 220 2008 218 2009 260 x 10035 y 996 xy 1999293 x 2 ...View the full answer

Business Statistics for Contemporary Decision Making

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