A statistical program is recommended.Annual retail store revenue for a technology company from 2007 to 2017 are shown below.Year Period200720082009201020112012201320142015201620171234567891011Retail Store Revenue($ billions)(a) Construct a time series plot.3.9156.1106.3779.28013.92718.62820.02821.66227.90927.39830.30335302520MLMKW50 1 2 3 4 5 6 7 8 9 10 11 120 1 2 3 4 5 6 7 8 9 10 11 120 1 21 2 3 4 5 6 7 8 9 10 11 12PeriodWhat type of pattern exists in the data?O The time series plot shows a downward trend.O The time series plot shows a cyclical pattern.O The time series plot shows a horizontal pattern.The time series plot shows an upward trend.002520151050-Period0°OPeriod(b) Using statistical software, develop a linear trend equation for this time series to forecast revenue (in $ billions). (Round your numerical values to four decimal places.)T₂ =(c) Use the trend equation developed in part (b) to forecast retail store revenue (in $ billions) for 2018. (Round your answer to one decimal place.)$billion✔2015-10-5-00 1 2 3 4 5 6 7 8 9 10 11 12Period

Solution: From the given information, Year Period Retail Store Revenue ($ billions) 2007…

Answered: A statistical program is recommended.…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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