BUSINESS: U.S. Oil Production Crude oil production in the United States has been...

BUSINESS: U.S. Oil Production Crude oil production in the United States has been declining for decades because of the depletion of many older fields. Production (in million barrels per day) for recent years is given in the following table.

a. Number the data columns with x-values 0–4 (so that x stands for the number of fi ve-year intervals since 1985) and use exponential regression to fit a curve to the data. State the regression formula. [Hint: See Example 12.]

b. Use the regression function to predict crude oil production in the year 2015.

Reference : Example12