Question

In: Statistics and Probability

U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 168,954 2012 170,664 2008...

U.S. Civilian Labor Force (thousands)
Year Labor Force Year Labor Force
2007 168,954 2012 170,664
2008 169,691 2013 170,187
2009 168,147 2014 171,274
2010 168,686 2015 172,993
2011 169,031 2016 174,676



(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

Solution:

Linear y = 584.14x + 167218

Quadratic

Exponential


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