(Situation L) A farmer's marketing cooperative recorded the volume of wheat harvested by its members from 1991 The cooperative is interested in detecting the long-term trend of the amount of wheat harvested. The data collected is
shown in the table.
-Suppose the least squares regression equation is . Use the regression model to forecast the harvest in 2005.
A) 110,000 bushels
B) 102,000 bushels
C) 105,000 bushels
D) 103,000 bushels
Correct Answer:
Verified
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