Buy custom Australian rail freight forecasts
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Business
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| Number of pages / Number of words: |
3 / 585 |
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So the GDP have a direct relationship with rail freight.
3.3 Regression analysis
Table 4: regression analysis summary output
From table 4, R square is 0.978, which means GDP has a distinct linear relationship correlation with rail freight. The relationship can be expressed as:
Rail Freight (btk)=-29...
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The relationship can be expressed as:
Rail Freight (btk)=-29.7206+0.0002251GDP
3.4 Forecast GDP in 2015
Table 5: trend line of GDP
By using the exponential trend, the R square is 0.994, which means the result is very close to the real data. In year 2015, according to the formula: y = 324944e0.032x the GDP should be 1,216,646m with a MAD of 11122...
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