Find a line of best fit for this data

Assignment Help Econometrics
Reference no: EM131175733

The amount of popcorn consumed in the United States (in millions of pounds) was: 353 in 1970, 393 in 1975, 568 in 1980, 670 in 1985, 700 in 1986, 741 in 1987, 807 in 1988, and 872 in 1989.

(a) Find a line of best fit for this data and

(b) use it to project the popcorn consumption in 1999.

(c) In what year would you expect consumption to first exceed one billion pounds?

Reference no: EM131175733

Questions Cloud

Explain the ethical approach concerning means and ends : Analyze the ethical issues involved with balancing means and ends in the criminal justice field. Write clearly and concisely about ethics and leadership in criminal justice using proper writing mechanics.
Develop a clear table of contents : The budget for the increased security measures for the building is 10,000. What is the best solution based on the various types of iris scanners available to companies within the allotted price range?
Differentiate various capital budget evaluation techniques : Differentiate among the various capital budget evaluation techniques. - Explain how these different techniques would help you make your recommendation to Guillermo.
Rate the importance of measuring performance : Go to businessballs' Website (http://www.businessballs.com/performanceappraisals.htm) and review the information regarding performance appraisals. Next, rate the importance of measuring performance and providing an opportunity for feedback. Suppo..
Find a line of best fit for this data : In what year would you expect consumption to first exceed one billion pounds?
Does the picture brooks paints of america ring true to you : Does the picture Brooks paints of America ring true to you? Why or why not? Give examples and direct quotations from the book to back up your points of agreement or disagreement.
Define ethical research in the field of criminal justice : Identify the key tenets of ethical research used when evaluating criminal justice data and interpreting published research findings. Examine the principles that define ethical research in the field of criminal justice.
What does literature offer an individual : What does literature offer an individual? How has the importance of reading changed from earlier eras (pre-digital/audio/visual media) to our present day? Do you think we read differently now than we did in prior generations?
Why you selected the investments you did : Write a report on - Why you selected the investments you did and Whether any noteworthy company results, news events, or economic events impacted your investments during this period (show your gains or losses for the period)

Reviews

Write a Review

Econometrics Questions & Answers

  Describe relationship bettween marginal and average product

The table below shows the total production of a firm as the quantity of labor employed increases. The quantities of all other resources employed are constant. Compute the marginal and average products and enter them in the table.

  Reviewing and approving the use of resources

Setting corporate strategy, overall direction, mission, or vision.

  How to book value schedule using the macrs

A corporation purchased a computer system for use by the firm's engineers. The system cost $500,000. At the end of its depreciable life, the salvage value for the system is $25,000. Compute the depreciation and book value schedule using the MACR..

  What happens to price as n goes to infinity

Construct a model in the spirit of kinked demand for the setting of an N firm oligopoly.

  How much will eubank now have in cash on-hand

If Eubank is holding no excess reserves, what must the required reserve ratio be Refer to Exhibit 0046. Assume the required reserve ratio. If Stu Dent deposits $10,000 in cash into his checkable deposit account, how much will Eubank now have in ca..

  What is the amount of labor that the profit-maximizing firm

Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire

  Determine first withdrawal occurs at the end of six months

What quarterly deposit must be made at the end of each quarter until Corey retires so that he can make a withdrawal of $40,000 semiannually over the first 10 years of his retirement. Assume that his first withdrawal occurs at the end of six months..

  What was the effective interest rate the engineer paid

The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that cost 5% of the loan amount.

  Was the higher price caused by a change in demand

In the last month, the price of gasoline increased by 20%. Your job is to determine what caused the increase in price: a change in demand or change in supply. Ms. Info has all the numbers associated with the gasoline market and she can answer a si..

  How much will be in the account at the end of 15 years

An engineer deposits $300 per month into a savings account thatpays interest at a rate of 6% per year, compounded semiannually. How much will be in the account at the end of 15 years A) Assume no inter-period compounding; B) Assumeinter-period comp..

  Show this outcome in a completely labeled graph

Monopolies can sometimes find themselves in difficult financial situations that lead to losses. Suppose Mr. Burns' power company has a monopoly for providing electricity in Springfield. His costs of upkeep are so high that he is consistently losing m..

  What fare would maximize profit earned from each customer

The year is 2020 and the U.S. airline industry has been radically transformed through a recent wave of mergers. Only one company, MONO Airlines, has managed to survive the succession of price wars, labor-management disputes, and government policy.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd