Below you are given information on John's income for the past 7 years. 
a.Use regression analysis to obtain an expression for the linear trend component.
b.Forecast John's income for the next 5 years.
Definitions:
Nature Versus Nurture
A debate concerning the relative importance of an individual's innate qualities versus personal experiences in determining or causing differences in physical and behavioral traits.
Social Experiences
Interactions with others that influence an individual's behavior, beliefs, and feelings.
Genotypic Characteristics
Describes the genetic makeup of an organism and how these genes express themselves in physical and behavioral traits.
Teratogens
Agents, such as chemicals or viruses, that can cause congenital anomalies or developmental disorders in a developing fetus.
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