Solved: Estimate the linear trend equation for the production series, Algebra

Estimate the linear trend equation for the production series

Question:

Estimate the linear trend equation for the production series

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A. Estimate the linear trend equation for the production series by drawing a line through the data.

B. What is the average annual decrease in production?

C. Based in the trend equation, what is the forecast for the year 2005?

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Algebra: Estimate the linear trend equation for the production series

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