Data on the corn consumption in Wisconsin from the year 2000 to 2013 is given. Fit a
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Question:
Data on the corn consumption in Wisconsin from the year 2000 to 2013 is given. Fit a linear, exponential and quadratic trend model and select the best model. Based on the selected model, forecast the 2014 corn consumption levels.
year | corn consumption
2000 188.40
2001 185.55
2002 181.50
2003 178.20
2004 175.35
2005 173.85
2006 174.30
2007 172.65
2008 171.00
2009 169.65
2010 168.15
2011 166.17
2012 164.19
2013 162.21
Related Book For
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
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