U.S. Civilian Labor Force (thousands) Year Labor Force   Year Labor Force 2007 153,918   2012 155,628 2008 154,655   2013 155,151 2009 153,111   2014 156,238 2010 153,650   2015 157,957 2011 153,995   2016 159,640   1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts?

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U.S. Civilian Labor Force (thousands)
Year Labor Force   Year Labor Force
2007 153,918   2012 155,628
2008 154,655   2013 155,151
2009 153,111   2014 156,238
2010 153,650   2015 157,957
2011 153,995   2016 159,640
 

1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts?

2. Make forecasts using the following fitted trend models for years 2017-2019.

t          Exponential

11

12

13

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