Solve the below:
Q: The following data on the number of union members in the United States for the years 1984 through 2008 are provided by the U.S. Bureau of Labor Statistics. Using regression techniques discussed in this section, analyze the data for trend. Develop a scatter plot of the data and fit the trend line through the data. Discuss the strength of the model.
Union Members Union Members
Year (1000s) Year (1000s)
1984 17,340 1997 16,110
1985 16,996 1998 16,211
1986 16,975 1999 16,477
1987 16,913 2000 16,334
1988 17,002 2001 16,305
1989 16,960 2002 16,145
1990 16,740 2003 15,776
1991 16,568 2004 15,472
1992 16,390 2005 15,685
1993 16,598 2006 15,359
1994 16,748 2007 15,670
1995 16,360 2008 16,098
1996 16,269