Graded Homework Ch. 17: Tim "A Ch. 17: Time-Series Forecasting X Chapter 12 Homework - MS 30 x + Revenue ($ millions) 20 18 16 webassign.net/web/Student/Assignment-Responses/submit?dep-33419581&tags=autosave question4321374_5 2+ 0 2- 2- 0 0 1 2 3 4 5 6 7 8 9 10 11 0 1 2 3 4 Year 6 7 8 9 10 11 Year 0 1 2 3 8 9 10 11 Year 14- 12 10 0 1 2 3 5 7 8 9 10 11 Year Comment on the appropriateness of a linear trend. O The time series plot shows that a linear trend is most appropriate. O The time series plot shows that neither a linear nor a curvilinear trend is appropriate. O The time series plot shows that a curvilinear trend may be more appropriate. (b) Using statistical software, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.) million (c) Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11. (Round your answer to two decimal places.) Need Help? Type here to search W X B N M 72°F la 40 0 webassign.net/web/Student/Assignment-Responses/submit?dep-33419581&tags=autosave question4321374_5 0 A certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown Year Revenue 1 8.53 10.94 3 12.98 4 14.01 5 16.31 6 17.11 7 18.27 8 18.45 9 18.401 10 18.53 (a) Construct a time series plot. 20 18- 12- 20 16 14 12 16 14 12- 8 6 4 2- 2 0 1 2 3 5 6 7 8 9 10 11 0 2 3 7 8 9 10 11 0 1 2 3 4 5 6 7 8 9 10 11 Year Year Year Type here to search 经 72°F 4:51 AM 4/19/2024
Graded Homework Ch. 17: Tim "A Ch. 17: Time-Series Forecasting X Chapter 12 Homework - MS 30 x + Revenue ($ millions) 20 18 16 webassign.net/web/Student/Assignment-Responses/submit?dep-33419581&tags=autosave question4321374_5 2+ 0 2- 2- 0 0 1 2 3 4 5 6 7 8 9 10 11 0 1 2 3 4 Year 6 7 8 9 10 11 Year 0 1 2 3 8 9 10 11 Year 14- 12 10 0 1 2 3 5 7 8 9 10 11 Year Comment on the appropriateness of a linear trend. O The time series plot shows that a linear trend is most appropriate. O The time series plot shows that neither a linear nor a curvilinear trend is appropriate. O The time series plot shows that a curvilinear trend may be more appropriate. (b) Using statistical software, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.) million (c) Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11. (Round your answer to two decimal places.) Need Help? Type here to search W X B N M 72°F la 40 0 webassign.net/web/Student/Assignment-Responses/submit?dep-33419581&tags=autosave question4321374_5 0 A certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown Year Revenue 1 8.53 10.94 3 12.98 4 14.01 5 16.31 6 17.11 7 18.27 8 18.45 9 18.401 10 18.53 (a) Construct a time series plot. 20 18- 12- 20 16 14 12 16 14 12- 8 6 4 2- 2 0 1 2 3 5 6 7 8 9 10 11 0 2 3 7 8 9 10 11 0 1 2 3 4 5 6 7 8 9 10 11 Year Year Year Type here to search 经 72°F 4:51 AM 4/19/2024
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Just need help with b and c please
Transcribed Image Text:Graded Homework Ch. 17: Tim
"A Ch. 17: Time-Series Forecasting X
Chapter 12 Homework - MS 30 x +
Revenue ($ millions)
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Comment on the appropriateness of a linear trend.
O The time series plot shows that a linear trend is most appropriate.
O The time series plot shows that neither a linear nor a curvilinear trend is appropriate.
O The time series plot shows that a curvilinear trend may be more appropriate.
(b) Using statistical software, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.)
million
(c) Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11. (Round your answer to two decimal places.)
Need Help?
Type here to search
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la 40
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webassign.net/web/Student/Assignment-Responses/submit?dep-33419581&tags=autosave question4321374_5
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A certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by
approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown
Year
Revenue
1
8.53
10.94
3
12.98
4
14.01
5
16.31
6
17.11
7
18.27
8
18.45
9
18.401
10
18.53
(a) Construct a time series plot.
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Year
Year
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4:51 AM
4/19/2024
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