Calculate the least squares trendline for gdp

Assignment Help Basic Statistics

Reference no: EM13990584

The following table gives the gross domestic product (GDP) in R100 millions for a certain African country from 2001 to 2011.

Year

GDP

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

(a) Plot the GDP time series graphically.

(b) Calculate the least squares trendline for GDP.

Reference no: EM13990584

Questions Cloud

The main purpose of the book : State as accurately as possible the author's purpose for writing the book. In other words, what motivated him/her to write it, what did he/she hope to accomplish? A strong answer will require several sentences.]

Define and describe the ethical issue : As you read in Chapter 10, global risks will continue to occur. Look at one of the risk areas (e.g., economic, environmental, geopolitical, societal, and technological) and consider a topic of future ethical consideration. Define and describe the ..

Calculate the three-period moving average trend : (a) Calculate the three-period moving average trend of pelagic fish caught off the west coast. (b) Plot the actual catches of pelagic fish and the moving average trend on the same graph. Comment on the pattern of pelagic fish catches over the past..

When can a cpa disclose confidential information : When can a CPA disclose confidential information without the client's consent?

Calculate the least squares trendline for gdp : (a) Plot the GDP time series graphically. (b) Calculate the least squares trendline for GDP. (c) Use this equation to predict the country's GDP for 2012 and 2013.

The human past : This is from the book "the human past" Fill in the Blank (or blanks)

Using maximax and maximin criteria using the payoff table : The town council is deciding between different options for the use of a parcel of open land next to the library. What is the best decision using the maximax and maximin criteria using the payoff table below?

Quarterly number of tourists to table mountain : (a) Plot the quarterly number of tourists to Table Mountain for 2009 and 2010. (b) Calculate the de-seasonalised values for each quarter and plot on the same axis. Comment on the trend in the number of tourists visiting Table Mountain.

Which of the following correlation is the strongest : A regression analysis was performed between two variables, x and y. The equation for this line of best fit for the relationship between the x and the y was: y=54+2. If someone had a x=1, what was the y? WHich of the following correlation is the s..

User Account

All Pages