Question: Consider the data below and use simple regression model to forecast the data. What would be the forecast for the next three years? Year US

Consider the data below and use simple regression

Consider the data below and use simple regression model to forecast the data. What would be the forecast for the next three years? Year US 1980 251.12 1981 272.67 1982 282.77 1983 293.68 1984 327.63 1985 383.69 1986 414.04 1987 455.27 1988 526.97 1989 529.35 1990 576.86 1991 612.57 1992 618.78 1993 610.29 1994 | 640.44 1995 673.4 1996 | 674.73 1997 628.64 1998 673.7 1999 | 728.25 2000 753.89 2001 768.83 2002 780.06 2003 763.73 2004 788.53 2005 781.99 2006 787.22

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