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    Estimate the linear trend equation for the production series

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    Estimate line and find linear trend equation of the attached.

    A. Estimate the linear trend equation for the production series by drawing a line through the data.
    B. What is the average annual decrease in production?
    C. Based in the trend equation, what is the forecast for the year 2005?

    (See attached file for full problem description)

    © BrainMass Inc. brainmass.com March 4, 2021, 6:28 pm ad1c9bdddf
    https://brainmass.com/math/linear-algebra/estimate-linear-trend-equation-production-series-45920

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