Linear Trendline, Trend Equation and Forecast
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See data file attached.
(a) Plot the data on fruit and vegetable consumption.
(b) Discuss the underlying causes that might explain the trend or pattern.
(c) Fit a linear trend to the data.
(d) Interpret the trend equation. What are its implications for producers?
(e) Make a forecast for 2005.
Note: Time increments are 5 years, so use t = 6 for your 2005 forecast.
U.S. Per Capita Consumption of Commercially Produced Fruits and Vegetables (pounds)
year total
1980 608.0
1985 629.3
1990 659.2
1995 690.0
2000 705.4
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Solution Summary
This solution discusses linear trendlines, trend equations and forecasts.
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d) The trend equation is given as y=5.11(x)-9510.5, where x represents the year.
e) For the ...
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