The data in Federal Receipts represent federal receipts from 1978 through 2018 in billions of current dollars,

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The data in Federal Receipts represent federal receipts from 1978 through 2018 in billions of current dollars, from individual and corporate income tax, social insurance, excise tax, estate and gift tax, customs duties, and federal reserve deposits.

a. Plot the series of data.

b. Compute a linear trend forecasting equation and plot the trend line.

c. What are your forecasts of the federal receipts for 201 9 and 2020?

d. What conclusions can you reach concerning the trend in federal receipts?

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Statistics For Managers Using Microsoft Excel

ISBN: 9780135969854

9th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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Question Posted: Feb 04, 2022 07:23 AM

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The data in Federal Receipts represent federal receipts from 1978 through 2018 in billions of current dollars,

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Answers a To plot the series of data the following steps can be taken 1 Open Microsoft Excel and ent...View the full answer

Statistics For Managers Using Microsoft Excel

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