Concept explainers
Modeling Data The table shows the Gross Domestic Product, or GDP (in trillions of dollars), for 2009 through 2014, (Source: U.S. Bureau of Economic Analysis)
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
GDP | 14.4 | 15.0 | 15.5 | 16.2 | 16.7 | 17.3 |
(a) Use the regression capabilities of a graphing utility to find a mathematical model of the form
(b) Use a graphing utility lo plot the data and graph the model. Compare the data with the model.
(c) Use the model to predict the GDP in the year 2024.
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