MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Does this graph have trends and/or seasonality?
What forecasting method is suitable for this data?
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- Canada's trade balance with the rest of the world has been steadily increasing over the past several years. It is well known that the U.S. is Canada's leading trade partner. Is there a predictable linear relationship between our total trade balance and our trade balance with the U.S.? Develop a regression model to predict the trade balance with the U.S. by our trade balance with the rest of the world. Comment on the strength of the model. Develop a time-series trend line for trade balance with the rest of the world by using the time periods given. Forecast total trade balance with the rest of the world for 2020 using this equation. Trade Balance ($ millions) Year Rest of the World U.S. 2010 2,290 4,991 2011 2,486 4,709 2012 2,776 4,641 2013 2,648 5,220 2014 3,068 5,041 2015 3,688 4,750 2016 4,111 4,321 2017 4,172 4,699 2018 3,669 4,777 2019 3,493 4,809 question 1: y̅ = ?+?x question…arrow_forwardSolve task from imagearrow_forwardHow do I graph this?arrow_forward
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