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Which trend would you choose to forecast the 2013 value of Bob's beer can collection?

Which trend would you choose to forecast the 2013 value of Bob's beer can collection?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which trend would you choose to forecast the 2013 value of Bob's beer can collection? Dollars Market Value of Bob's Beer Can Collection, 1989-2009 300 250 200 150 100 50 0 -50 -100 1989 1991 1993- 1995- ye-10.23x+229.84 R=0.7036 6002 2011- 2013- O Linear model is preferred. O. Neither model is appropriate. Either model works-they are equivalent. Exponential model is preferred. Dollars Market Value of Bob's Beer Can Collection, 1989-2009 300 250 200 150 100 50 0 1989 1991 1993- 1995- Y-241.72e-0083 R²=0.675 1997 1999- 2001 2003 2005 2007 6002 2011- 2013-
Transcribed Image Text:Which trend would you choose to forecast the 2013 value of Bob's beer can collection? Dollars Market Value of Bob's Beer Can Collection, 1989-2009 300 250 200 150 100 50 0 -50 -100 1989 1991 1993- 1995- ye-10.23x+229.84 R=0.7036 6002 2011- 2013- O Linear model is preferred. O. Neither model is appropriate. Either model works-they are equivalent. Exponential model is preferred. Dollars Market Value of Bob's Beer Can Collection, 1989-2009 300 250 200 150 100 50 0 1989 1991 1993- 1995- Y-241.72e-0083 R²=0.675 1997 1999- 2001 2003 2005 2007 6002 2011- 2013-
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