arget's annual revenue data from 2005 to 2021 are available for download. Make an Excel graph of the annual data, and fit three trends (linear, quadratic, and exponential) to the time series. Copy and paste the graph in the space below or attach the file. State the three trendline equations from part a and their R2 values. Which trend model do you think is the best one to use to forecast annual revenue? Choose only one model and explain the reasons for your choice. Use the model you chose in part c to forecast the annual revenue for 2022. Annual Operating Income Year t (Millions of US $) 2005 1 46839 2006 2 52620 2007 3 59490 2008 4 63367 2009 5 64948 2010 6 65357 2011 7 67390 2012 8 69865 2013 9 73301 2014 10 71279 2015 11 72618 2016 12 73785 2017 13 70271 2018 14 72714 2019 15 75356 2020 16 78112 2021 17 93561
arget's annual revenue data from 2005 to 2021 are available for download. Make an Excel graph of the annual data, and fit three trends (linear, quadratic, and exponential) to the time series. Copy and paste the graph in the space below or attach the file. State the three trendline equations from part a and their R2 values. Which trend model do you think is the best one to use to forecast annual revenue? Choose only one model and explain the reasons for your choice. Use the model you chose in part c to forecast the annual revenue for 2022. Annual Operating Income Year t (Millions of US $) 2005 1 46839 2006 2 52620 2007 3 59490 2008 4 63367 2009 5 64948 2010 6 65357 2011 7 67390 2012 8 69865 2013 9 73301 2014 10 71279 2015 11 72618 2016 12 73785 2017 13 70271 2018 14 72714 2019 15 75356 2020 16 78112 2021 17 93561
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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Question
arget's annual revenue data from 2005 to 2021 are available for download.
- Make an Excel graph of the annual data, and fit three trends (linear, quadratic, and exponential) to the time series. Copy and paste the graph in the space below or attach the file.
- State the three trendline equations from part a and their R2 values.
- Which trend model do you think is the best one to use to forecast annual revenue? Choose only one model and explain the reasons for your choice.
- Use the model you chose in part c to forecast the annual revenue for 2022.
Annual Operating Income | ||
Year | t | (Millions of US $) |
2005 | 1 | 46839 |
2006 | 2 | 52620 |
2007 | 3 | 59490 |
2008 | 4 | 63367 |
2009 | 5 | 64948 |
2010 | 6 | 65357 |
2011 | 7 | 67390 |
2012 | 8 | 69865 |
2013 | 9 | 73301 |
2014 | 10 | 71279 |
2015 | 11 | 72618 |
2016 | 12 | 73785 |
2017 | 13 | 70271 |
2018 | 14 | 72714 |
2019 | 15 | 75356 |
2020 | 16 | 78112 |
2021 | 17 | 93561 |
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