(Solution) - Determine the trend for the data in Problem 15 32 using -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Determine the trend for the data in Problem 15.32 using the deseasonalized data from Problem 15.33. Explore both a linear and a quadratic model in an attempt to develop the better trend model.
in Problem 15.32.

Chemicals
and Allied
Products
Time Period ($ billion)
January (year 5) ........ 28.931
February ........... 30.456
March ............ 32.372
April .............. 30.905
May ............ 30.743
June ............ 32.794
July ............. 29.342
August ........... 30.765
September ........... 31.637
October ............ 30.206
November .......... 30.842
December.......... 31.090