Given a linear time series trend, Y' = 5.2 + 3.1t, what is the forecast for 2002 if the time series started in 1995?
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Answer:
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Answer:
4.1145
Step-by-step explanation:
You can use the following formula to solve this kind of problems,
So, let's start of with log4_(300). Since the question have already gave log4_(3) =0.7925 and log4_(5) =1.1610. It means that you have to split the 300 into the simplest form where almost all of the numbers are 3 and 5.