Question: Fit a linear trend equation to the following data describing average hourly earnings of U.S. production workers. What is the trend estimate for 2013? 2004
Fit a linear trend equation to the following data describing average hourly earnings of U.S. production workers. What is the trend estimate for 2013?
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2004 2005 2006 2007 Year Average Hourly Earnings: $15.69 $16.13 $16.76 $17.42
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