Answered: Determine the equation of the trend…

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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Question

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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