Canadas new housing price index has been steadily increasing over the years. Given below are data for
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Canada’s new housing price index has been steadily increasing over the years. Given below are data for Canada’s new housing price index between 2003 and 2018. Use these data to determine the equation of a trend line for new housing price indexes. Use the trend model you developed to forecast the new housing price index for 2019.
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Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (Index base period) 2017 2018 New Housing Price Index 66.5 69.9 74.1 82.0 87.1 87.5 86.7 88.4 90.7 92.7 93.9 95.5 97.0 100.0 103.3 103.3
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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