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Use This Information to Answer the Following Questions -Refer to the Table Above

question 35

Essay

Use this information to answer the following questions.
The following time series represent the total population of the United States,in thousands,over the last 12 years.
 Year  Population (in 000s) 1991253,4931992256,8941993260,2551994263,4361995266,5571996269,6671997272,9121998276,1151999279,2952000282,4342001285,5452002288,600\begin{array} { | c | c | } \hline \text { Year } & \text { Population (in 000s) } \\\hline 1991 & 253,493 \\\hline 1992 & 256,894 \\\hline 1993 & 260,255 \\\hline 1994 & 263,436 \\\hline 1995 & 266,557 \\\hline 1996 & 269,667 \\\hline 1997 & 272,912 \\\hline 1998 & 276,115 \\\hline 1999 & 279,295 \\\hline 2000 & 282,434 \\\hline 2001 & 285,545 \\\hline 2002 & 288,600 \\\hline\end{array}
-Refer to the table above.a.What is the linear trend equation that best fits the data?
b.What is the forecast of the population of the United States in 2003 using the linear trend equation?
c.What is the MAPE for this method?

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Definitions:

Leadership

The ability to influence others to work toward the goals of an organization.

Moral Responsibility

The obligation to act rightfully and ethically when making decisions that affect others.

Group Goals

Objectives that are shared and pursued by members of a group, which guide their actions and efforts.

Ethical Standards

Guidelines or principles that dictate how to conduct oneself morally and professionally.

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