Determine the equation of the trend line for the data shown below on Canadian balance of payments for exports of wheat over a five-year period provided by Statistics Canada.  Using the trend line equation, forecast the value for the year 2014. Calculate the slope, intercept and the forecast 1. using the formulas 2. using the functions   Year Export-Balance of Payments (Unadjusted) -Wheat ($ millions) 2008   569.2   2009   480.8   2010   365.7   2011   471   2012   508.6       By formula By Function SLOPE       INTERCEPT       FORECAST       Please provide calculation in excel with step by step process for me to follow .    thank you

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Determine the equation of the trend line for the data shown below on Canadian balance of payments for exports of wheat over a five-year period provided by Statistics Canada.  Using the trend line equation, forecast the value for the year 2014.

Calculate the slope, intercept and the forecast 1. using the formulas 2. using the functions

 

Year Export-Balance of Payments
(Unadjusted) -Wheat ($ millions)
2008   569.2  
2009   480.8  
2010   365.7  
2011   471  
2012   508.6  
    By formula By Function
SLOPE      
INTERCEPT      
FORECAST      

Please provide calculation in excel with step by step process for me to follow . 

 

thank you 

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