The amounts (in millions of pounds) of poultry products consumed in the United States for the years 1995 through 2002 are as follows:
25.9 26.8 27.3 27.8 29.6 30.5 30.8 32.6
(a) Letting the year be the independent variable and consumption the dependent variable, plot a scatter diagram.
(b) Find the estimated regression line. (To simplify the algebra, you can take thexvariable to be the year minus 1995. That is, year 1985 has value 0, 1996 has value 1, and so on.)
(c) Plot the estimated regression line on the scatter diagram.
(d) Predict the 1994 consumption figure.
(e) Predict the 2004 consumption figure.
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