In: Statistics and Probability
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 |