Number of Certified Organic Farms in the United States, 2001â€“2008 Year Farms 2001 6,375 2002 6,730 2003 7,441 2004 7,425 2005 7,882 2006 8,758 2007 10,297 2008 12,019 (a) Use Excel, MegaStat, or MINITAB to...

90.2K

Verified Solution

Question

Basic Math

Number of Certified Organic Farms
in the United States, 2001â€“2008
Year Farms
2001 6,375
2002 6,730
2003 7,441
2004 7,425
2005 7,882
2006 8,758
2007 10,297
2008 12,019
(a) Use Excel, MegaStat, or MINITAB to fitthree trends (linear, quadratic, exponential) to the time series.(A negative value should be indicated by a minus sign. Donot round the intermediate calculations. Round your final answersto 2 decimal places.)
Linear y_t = ____x_t + ______
Â Â Quadratic
y_t = ____x_t² +_____x_t + _____
Â Â Exponential y_t = _ e^x
(b) Use each of the three fitted trendequations to make numerical forecasts for the next 3 years.(Round the intermediate calculations to 2 decimal placesand round your final answers to 1 decimal place.)
T Linear| Exponential | Quadratic
9 _ _ _
10 _ _ _
11 _ _ ___

Answer & Explanation Solved by verified expert

4.0 Ratings (655 Votes)

a Use Excel MegaStat or MINITAB to fit three trends linear quadratic exponential to the time series A negative value should be indicated by a minus sign Do not round the intermediate calculations Round your final answers to 2 decimal places Linear yt 73513 xt 505779 Quadratic yt 12293 xt2 37128 xt 690180 Exponential yt 559498 e 109x b Use each of the three fitted trend equations to make numerical forecasts for the next 3 years Round the intermediate calculations to 2 decimal places and round your final answers to 1 decimal place t Linear Exponential Quadratic 9 1167396 1198980 See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Number of Certified Organic Farms in the United States, 2001â€“2008
Year	Farms
2001	6,375
2002	6,730
2003	7,441
2004	7,425
2005	7,882
2006	8,758
2007	10,297
2008	12,019


Linear	y_t = ____x_t + ______
Â Â Quadratic	y_t = ____x_t² +_____x_t + _____
Â Â Exponential	y_t = _____ e____^x