Question: A time-series plot often helps you determine the appropriate model to use. For this problem, use each of the time series presented in the following
a. Plot the observed data (Y) over time (X) and plot the logarithm of the observed data (log Y) over time (X) to determine whether a linear trend model or an exponential trend model is more appropriate.
b. Compute the appropriate forecasting equation.
c. Forecast the value for 2012.
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a ForTime Series I the graph of Y vs X appears to be more linear than the graph oflog Y vs X so a ... View full answer
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