Mathematics, 07.04.2020 21:02 xelynncaldera
Problem 8-19 Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show the enrollment (in thousands) for Jefferson Community College for the nine most recent years. Click on the datafile logo to reference the data. Year Period (t) Enrollment (1,000s) 1 1 6.5 2 2 8.1 3 3 8.4 4 4 10.2 5 5 12.5 6 6 13.3 7 7 13.7 8 8 17.2 9 9 18.1 Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
If required, round your answers to two decimal places.
y-intercept, b0 = 4.7.17
Slope, b1 = 1.46
MSE = NEED THIS
What is the forecast for year 10? 19.283
Round your interim computations and final answer to two decimal places.
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