The data shown in the following table and stored in Solar Power represent the yearly amount of
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The data shown in the following table and stored in Solar Power represent the yearly amount of solar power generated by utilities (in millions of kWh) in the United States from 2002 through 2014:
a. Plot the data.
b. Compute a linear trend forecasting equation and plot the trend line.
c. Compute a quadratic trend forecasting equation and plot the results.
d. Compute an exponential trend forecasting equation and plot the results.
e. Using the models in (b) through (d), what are your annual trend forecasts of the yearly amount of solar power generated by utilities (in millions of kWh) in the United States in 2015 and 2016?
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780134173054
8th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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