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 IncomeYeart(Millions of US $)2005146839200625262020073594902008463367200956494820106653572011767390201286986520139733012014107127920151172618201612737852017137027120181472714201915753562020167811220211793561

Time series is the set of data measured at certain time intervals and which are arranged in…

Answered: arget's annual revenue data from 2005…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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.