Question: The Gallup organization periodically asks the following question: If your party nominated a generally well-qualified person for president who happened to be a woman, would
The Gallup organization periodically asks the following question: If your party nominated a generally well-qualified person for president who happened to be a woman, would you vote for that person? Here is a time series plot of the percentage answering yes versus the year of the (20th) century. The least squares trend line is given by: yt = 5.58 + 0.999Year, where Year = 37, 45, . . . 99 to represent the years during which the survey was given.
.png)
a) The R2 for this trend line is 94%. A student decided to use this linear model to obtain a forecast for the percent who will respond yes in 2012. What value should the student use for Year?
b) Find the predicted value for the year 2012. Is it realistic?
90 + 45 60 75 90 Year
Step by Step Solution
3.45 Rating (152 Votes )
There are 3 Steps involved in it
a 112 years since the start of the ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
452-M-S-D-A (1497).docx
120 KBs Word File
