Explore BrainMass
Share

United States General Aviation: Fitted trend analysis

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Plot the data and describe the pattern.

See the attached excel spreadsheet.

© BrainMass Inc. brainmass.com October 16, 2018, 9:34 pm ad1c9bdddf
https://brainmass.com/statistics/correlation-and-regression-analysis/fitted-trend-or-judgement-forecast-190125

Attachments

Solution Summary

Solution, complete with graphs as required.

$2.19
Similar Posting

Trend Analysis for U. S. General Aviation Shipments

14.16
(a) Plot the data on U.S. general aviation shipments.
(b) Describe the pattern and discuss possible causes.
(c) Would a fitted trend be helpful? Explain.
(d) Make a similar graph for 1992-2003 only. Would a fitted trend be helpful in making a prediction for 2004?
(e) Fit a trend model of your
choice to the 1992-2003 data.
(f) Make a forecast for 2004, using either the fitted trend model or a judgment forecast. Why is it best to ignore earlier years in this data set

Worksheet attached with further details and second problem (see attachment).

View Full Posting Details