Identity Fraud The table shows the monetary value of loss resulting from identity fr...

Identity Fraud The table shows the monetary value of loss resulting from identity fraud between 2004 and 2008.

a. Align the data to the number of years since 2004. Write a cubic model for the amount of loss due to identity fraud.

b. Use the model to estimate the amount of loss in 2009. Comment on the usefulness of this estimate.

c. Does a model output value corresponding to an input of 2.5 make sense in context? Explain.