For Five Years of Data,compute a Linear Trend Equation and Forecast

question 104

Essay

For five years of data,compute a linear trend equation and forecast the value for the sixth year.Code the years 0 through 4.The data values are: 27,32,28,37,and 38. $\hat{ Y }$ = ____________________
sixth year value = ____________________

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Definitions:

Confidence Interval

A sequence of statistical values, derived from a sample analysis, likely to capture the undisclosed value of a population characteristic.

Voters

Individuals who are eligible and participate in an election process to choose representatives or decide on public questions.

Incumbent Governor

The currently serving governor in office, usually in the context of elections to refer to the existing officeholder.

Confidence Level

The percentage or proportion of times that an estimated interval is expected to contain the true value of the parameter.