Calculate the least squares trendline for gdp

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The following table gives the gross domestic product (GDP) in R100 millions for a certain African country from 2001 to  2011.

Year

GDP

2001

45

2002

47

2003

61

2004

64

2005

72

2006

74

2007

84

2008

81

2009

93

2010

90

2011

98

(a) Plot the GDP time series graphically.

(b) Calculate the least squares trendline for GDP.

(c) Use this equation to predict the country's GDP for 2012 and 2013.

Reference no: EM13990584

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