U.S. Civilian Labor Force (thousands)YearLabor Force YearLabor Force2007153,918 2012155,6282008154,655 2013155,1512009153,111 2014156,2382010153,650 2015157,9572011153,995 2016159,640 1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts?2. Make forecasts using the following fitted trend models for years 2017-2019.t Exponential111213

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 15PPS

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U.S. Civilian Labor Force (thousands)
Year	Labor Force	Year	Labor Force
2007	153,918	2012	155,628
2008	154,655	2013	155,151
2009	153,111	2014	156,238
2010	153,650	2015	157,957
2011	153,995	2016	159,640

1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts?

2. Make forecasts using the following fitted trend models for years 2017-2019.

t Exponential

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