Consider the data in the Excel file Nuclear Power. Use simple linear regression to forecast the data. What would be the forecasts for the next three years?Nuclear Electric Power Production (Billion KWH) YearUSCanadaFrance1980251.1235.8863.421981272.6737.899.241982282.7736.17102.61983293.6846.221361984327.6349.26180.51985383.6957.1211.21986414.0467.23239.61987455.2772.89249.31988526.9778.18260.31989529.3575.35288.71990576.8669.24298.41991612.5780.68314.81992618.7876.55321.51993610.2990.08349.81994640.44102.43421995673.492.95358.41996674.7388.13377.51997628.6477.86375.71998673.767.74368.61999728.2569.82374.52000753.8969.16394.42001768.8372.864002002780.0671.75414.92003763.7371.154192004788.5385.87425.82005781.9987.444292006787.2293.07427.7

Forecast for the next 3 years for the country US: A simple regression equation describes the effect…

Answered: Consider the data in the Excel file…

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Consider the data in the Excel file Nuclear Power. Use simple linear regression to forecast the data. What would be the forecasts for the next three years?

Nuclear Electric Power Production (Billion KWH)

Year	US	Canada	France
1980	251.12	35.88	63.42
1981	272.67	37.8	99.24
1982	282.77	36.17	102.6
1983	293.68	46.22	136
1984	327.63	49.26	180.5
1985	383.69	57.1	211.2
1986	414.04	67.23	239.6
1987	455.27	72.89	249.3
1988	526.97	78.18	260.3
1989	529.35	75.35	288.7
1990	576.86	69.24	298.4
1991	612.57	80.68	314.8
1992	618.78	76.55	321.5
1993	610.29	90.08	349.8
1994	640.44	102.4	342
1995	673.4	92.95	358.4
1996	674.73	88.13	377.5
1997	628.64	77.86	375.7
1998	673.7	67.74	368.6
1999	728.25	69.82	374.5
2000	753.89	69.16	394.4
2001	768.83	72.86	400
2002	780.06	71.75	414.9
2003	763.73	71.15	419
2004	788.53	85.87	425.8
2005	781.99	87.44	429
2006	787.22	93.07	427.7

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