[See Steps] Given the data below: Plot the data on U.S. general aviation shipments. Describe the pattern and discuss possiblecauses. Would a fitted trend be


Question: Given the data below:

  1. Plot the data on U.S. general aviation shipments.
  2. Describe the pattern and discuss possiblecauses.
  3. Would a fitted trend be helpful? Explain.
  4. Make a similar graph for 1992–2003 only. Would a fitted trend be helpful in making a prediction for 2004?
  5. Fit a trend model of your choice to the 1992–2003 data.
  6. Make a forecast for 2004, using either the fitted trend model or a judgment forecast. Why is it best to ignore earlier years in this data set?

Price: $2.99
Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document

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