Agriculture. Table 3 shows the yield (in bushels per acre) and the total production (in millions of bushels) for corn in the United States for selected years since 1950. Let x represent years since 1900. Find a logarithmic regression model  for the yield. Estimate (to one decimal place) the yield in 2020.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
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Agriculture. Table 3 shows the yield (in bushels per acre) and the total production (in millions of bushels) for corn in the United States for selected years since 1950. Let x represent years since 1900. Find a logarithmic regression model  for the yield. Estimate (to one decimal place) the yield in 2020.

 

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Step 1

Given:

Statistics homework question answer, step 1, image 1

Step 2

The logarithmic regression model for the yield is given by,

y=a+b logx

Where, a=intercept and b=slope.

Suppose, z=logx. Then the values of a and b is calculated by the following formula:

b^=niziyi-iZiiyinizi2-izi2

a^=iyi-b^izin

Where, sample size=n=6.

 

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