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SOLVE USING MATLAB Consider the world oil production data of Computer Problem 3.2.3. Find the best...

SOLVE USING MATLAB

Consider the world oil production data of Computer Problem 3.2.3. Find the best least squares (a) line, (b) parabola, and (c) cubic curve through the 10 data points and the RMSE of the fits. Use each to estimate the 2010 production level. Which fit best represents the data in terms of RMSE?

year

bbl/day (×106)

 
1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

67.052

68.008

69.803

72.024

73.400

72.063

74.669

74.487

74.065

76.777

Solutions

Expert Solution

SOLUTION ;-

Ally Wells answered 2 years ago
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