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(Situation L) a Farmer's Marketing Cooperative Recorded the Volume of Wheat

Question 16

Multiple Choice

(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.  Year  Time  Wheat Harvested by Coop. Member  (y, in thousands of bushels)  199117519922781993382199448219955841996685199778719988911999992200010922001119320021296200313101200414102\begin{array} { l c c } \hline \text { Year } & \text { Time } & \begin{array} { c } \text { Wheat Harvested by Coop. Member } \\\text { (y, in thousands of bushels) }\end{array} \\\hline 1991 & 1 & 75 \\1992 & 2 & 78 \\1993 & 3 & 82 \\1994 & 4 & 82 \\1995 & 5 & 84 \\1996 & 6 & 85 \\1997 & 7 & 87 \\1998 & 8 & 91 \\1999 & 9 & 92 \\2000 & 10 & 92 \\2001 & 11 & 93 \\2002 & 12 & 96 \\2003 & 13 & 101 \\2004 & 14 & 102\end{array}
-Suppose the least squares regression equation is y^t=75+2t\hat{ y } _ { \mathrm { t } } = 75 + 2 \mathrm { t } . 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

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