The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit (in billions of dollars).Answer parts (a) through (e) below.Year20042005200620072008ConsumerCredit2210.52303.82415.02540.92592.1Year20092010201120122013ConsumerCredit2557.52643.12759.02926.33094.2a. Find an equation for the least squares line, letting x equal the number of years since 2000.The equation is Y=x+(Use integers or decimals for any numbers in the equation. Round to two decimal places as needed.)

It is given that x equal the number of years since 2000. So, x=0 for the year 2000.

Answered: The total amount of consumer credit has…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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