Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible caus
Question: Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes. (c) Would a fitted trend be helpful? Explain. (d) Make a similar graph for 1992–2003 only Would a fitted trend be helpful in making a prediction for 2004? (e) Fit a trend model of your choice to the 1992–2003 data. (f) 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? Airplanes
| U.S. Manufactured General Aviation Shipments, 1966–2003 | |
| Year | Planes |
| 1966 | 15,587 |
| 1967 | 13,484 |
| 1968 | 13,556 |
| 1969 | 12,407 |
| 1970 | 7,277 |
| 1971 | 7,346 |
| 1972 | 9,774 |
| 1973 | 13,646 |
| 1974 | 14,166 |
| 1975 | 14,056 |
| 1976 | 15,451 |
| 1977 | 16,904 |
| 1978 | 17,811 |
| 1979 | 17,048 |
| 1980 | 11,877 |
| 1981 | 9,457 |
| 1982 | 4,266 |
| 1983 | 2,691 |
| 1984 | 2,431 |
| 1985 | 2,029 |
| 1986 | 1,495 |
| 1987 | 1,085 |
| 1988 | 1,143 |
| 1989 | 1,535 |
| 1990 | 1,134 |
| 1991 | 1,021 |
| 1992 | 856 |
| 1993 | 870 |
| 1994 | 881 |
| 1995 | 1,028 |
| 1996 | 1,053 |
| 1997 | 1,482 |
| 1998 | 2,115 |
| 1999 | 2,421 |
| 2000 | 2,714 |
| 2001 | 2,538 |
| 2002 | 2,169 |
| 2003 | 2,090 |
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Answer: The downloadable solution consists of 6 pages
Deliverables: Word Document
Deliverables: Word Document
