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Listed below in order by row are the annual high values of the Dow Jones...

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Statistics

Listed below in order by row are the annual high values of the Dow Jones Industrial Average for each year beginning with 1980. What is the best predicted value for the year 2006? Given that the actual high value in 2006 was 12,464, how good was the predicted value? What does the pattern suggest about the stock market for investment purposes?

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Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential, and power models

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To construct a scatterplot and identify the mathematical model that best fits the given data you can plot the Dow Jones Industrial Average yaxis against the year xaxis Based on the plot the best fitting model appears to be a    See Answer
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