Question

In: Statistics and Probability

U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 153,918 2012 155,628 2008...

U.S. Civilian Labor Force (thousands)
Year Labor Force Year Labor Force
2007 153,918 2012 155,628
2008 154,655 2013 155,151
2009 153,111 2014 156,238
2010 153,650 2015 157,957
2011 153,995 2016 159,640

(d) Make forecasts using the following fitted trend models for years 2017-2019. (Round your answers to the nearest whole number.)

t Linear Quadratic Exponential
11
12
13

Solutions

Expert Solution

Forcast:

t Linear Quadratic Exponential
11 158607.1 161300.55 158648.0775
12 159191.2 163354 159248.5932
13 159775.3 165652.35 159851.3819

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