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
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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
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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