The accompanying data indicate the number of mergers that took place in an industry over a 19-year period.
Year
Mergers
Year
Mergers
Year
Mergers
1
23
8
64
14
150
2
23
9
47
15
165
3
31
10
96
16
192
4
23
11
125
17
210
5
32
12
140
18
250
6
32
13
160
19
300
7
42
a) Fit a least squares trend line to the merger data.
b) What type of trend (linear or curved) might best fit to this time series?
c) Compute the forecast for year 20 based on the trend (linear or curved) that best fits
the data?