Solutions Statistics

Below you are given information on John's income for the past 7 years. Year Income (In Thousands)

Question: Below you are given information on John's income for the past 7 years.

Year Income (In Thousands)

1 15.0
2 16.2
3 17.1
4 18.1
5 18.8
6 19.2
7 20.5

a. Use regression analysis to obtain an expression for the linear trend component.

b. Forecast John's income for the next 5 years.

Price: $2.99
Solution: The solution file consists of 2 pages
Deliverables: Word Document


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