This question is in Chapter 4 of Quantitative Analysis for Management 13th Edition not included in...

This question is in Chapter 4 of Quantitative Analysis for Management 13th Edition not included in the solutions portion of the problems.

4-33

Annual rainfall plays an important role in corn agriculture. The drought of 2011 affected corn prices for years. Given the following data, build a model and predict the harvest for 2016 given the total rainfall was 6.45 inches. Critique your prediction.

Year	Rain(inches)	REAP(tons)
2011	2.06	325
2012	5.11	408
2013	7.43	609
2014	6.12	512
2015	7.14	544

Expert Solution

orchestra answered 2 years ago

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