(Text Problem 7-12) Plot the data, fit a trendline, and discuss the strength of prediction
Question: Problem 3 (Text Problem 7-12)
Plot the data, fit a trendline, and discuss the strength of prediction of the regression model. In addition, explore a quadratic trend. Compare the results of the two models.
| Year | Shipments |
| 1985 | 14,705 |
| 1986 | 15,064 |
| 1987 | 16,676 |
| 1988 | 18,061 |
| 1989 | 21,327 |
| 1990 | 23,738 |
| 1991 | 26,966 |
| 1992 | 32,411 |
| 1993 | 38,851 |
| 1994 | 47,894 |
| 1995 | 60,171 |
| 1996 | 71,065 |
| 1997 | 82,400 |
| 1998 | 97,321 |
Price: $2.99
Solution: The solution consists of 5 pages
Deliverables: Word Document
Deliverables: Word Document
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