The table shows the yield (in bushels per acre) and the total production (in millions of bushels) for corn in a country for selected years since 1950. Let x represent years since 1900. Find a logarithmic regression model (y = a +b In x) for the yield. Estimate the yield in 2029. The regression model is y=+)In x. (Round to one decimal place as needed.) Year 1950 X 50 60 70 1960 1970 1980 1990 2000 100 2010 110 80 90 Yield 41 54 85 96 110 146 158

The table shows the yield (in bushels per acre) and the total production (in millions of bushels) for corn in a country for selected years since 1950. Let x represent years since 1900. Find a logarithmic regression model (y = a +b In x) for the yield. Estimate the yield in 2029. The regression model is y=+)In x. (Round to one decimal place as needed.) Year 1950 X 50 60 70 1960 1970 1980 1990 2000 100 2010 110 80 90 Yield 41 54 85 96 110 146 158

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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