The stock market showed steady and significant growth during the period from 1981 to 2000. This growth
Question:
The stock market showed steady and significant growth during the period from 1981 to 2000. This growth was reflected in the Dow Jones Industrial Average. The table gives the Dow Jones average (rounded to the nearest whole number) for the opening of the stock market in January for the years 1981 to 2000.
Years after 1981, x Dow Jones Industrial Average, y
0………………………………….. 947
1………………………………….. 871
2………………………………….. 1,076
3………………………………….. 1,221
4………………………………….. 1,287
5………………………………….. 1,571
6………………………………….. 2,158
7………………………………….. 1,958
8………………………………….. 2,342
9………………………………….. 2,591
10………………………………… 2,736
11………………………………… 3,223
12………………………………… 3,310
13………………………………… 3,978
14………………………………… 3,844
15………………………………… 5,395
16………………………………… 6,813
17………………………………… 7,907
18………………………………… 9,359
19………………………………… 10,941
Use the fact that ln yi = 158.58560 and ln yi = 1591.99387 to fit the data with an exponential model.
Step by Step Answer:
Introduction To Mathematical Statistics And Its Applications
ISBN: 9780321693945
5th Edition
Authors: Richard J. Larsen, Morris L. Marx