In Chapter 9 we developed a second scenario around the trend forecast for this data. This was to…

In Chapter 9 we developed a second scenario around the trend forecast for this data. This was to assume that the trend had fundamentally altered from the beginning of 2002. Using the trend from 2002 I onwards, determine the relevant regression equation and associated statistics. Use the regression equation to obtain a trend forecast for 2004 IV.

Statistically, do you think the regression equation for Scenario B is better than that for Scenario A?

 

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