The following table gives the average monthly exchange rate
The following table gives the average monthly exchange rate between the U.S. dollar and the euro for 20096. It shows that 1 euro was equivalent to 1.289 U.S dollars in January 2009. Develop a trend line that could be used to predict the exchange rate for 2010. Use this model to predict the exchange rate for January 2010 and February 2010.
Solution
