Problem

Investment in Gold Following are some approximate values of the Amex Gold...

Investment in Gold Following are some approximate values of the Amex Gold BUGS Index.

Take t to be the year since 1995 and y to be the BUGS index.

a. Model the 1995 and 2000 data with a linear equation.

b. Model the 2000 and 2007 data with a linear equation.

c. Use the results of parts (a) and (b) to obtain a piecewise linear model of the gold BUGS index for 1995–2007.

d. Use your model to estimate the index in 2002.

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Solutions For Problems in Chapter 1.3

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