From the equation of the line predict the gross national


Table 5 shows the gross national product (GNP) of the United States in billions of dollars for the years 1978 through 1983.

(a) Find the line of best fit.

(b) Plot the line.

(c) From the equation of the line, predict the gross national product in 1987. (The actual figure was 4488.5.)

2232_f590f0cd-6739-4a04-89a1-9fe6214ef605.png

Request for Solution File

Ask an Expert for Answer!!
Econometrics: From the equation of the line predict the gross national
Reference No:- TGS01557982

Expected delivery within 24 Hours