The Agricultural Exports (In Millions of Dollars) from a Latin

question 94

Essay

The agricultural exports (in millions of dollars) from a Latin American country for 10 years are shown below. $$\begin{array} { | c | c c | } \hline \text { Year } & t & \text { Exports } \\\hline 2006 & 1 & 96 \\2007 & 2 & 110 \\2008 & 3 & 125 \\2009 & 4 & 141 \\2010 & 5 & 132 \\2011 & 6 & 126 \\2012 & 7 & 118 \\2013 & 8 & 125 \\2014 & 9 & 133 \\2015 & 10 & 148 \\\hline\end{array}$$ a. Use the regression technique to calculate the linear trend line.
b. Calculate the percentage of trend.
c. Plot the percentage of trend.
d. Describe the cyclical effect (if there is one).

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services provided but not yet compensated for.

Liquidity

A measure of how easily assets can be converted into cash without significant loss in value.

Deposits in Transit

Funds that have been received and recorded by a business but not yet recorded by the bank, leading to a discrepancy in the accounting records until the deposit clears.

Currency

A system of money in general use in a particular country.