Based on the scatterplot and computer output, a reasonable estimate for the stock price for week 95 is: A popular social media platform has begun offering stock shares to the public. In the past 2 years, the price of the stock has generally increased. An investment specialist gathers data on the stock price during the past 2 years $2.27 because ý 0.0022(95) + 2.0583 = 2.2673. and creates an exponential model for estimating the $9.65 because log y =0.0022(95) + 2.0583=2.2673 and stock price based on the number of weeks after the first e2 2673 -9.6533. public offering. log(Stock Price) vs. Weeks $185.05 because log y =0.0022(95) +2.0583 =2.2673 2.28 and 1022673 – 185.05. 2.26 2.24 $220.44 because log y =0.0030(95) +2.0583 =2.3433 and 102 3433 - = 220.44 A 2 12 2.16 204 Weeks Predictor Coef SE Coef 0.0030 Constant 2.0583 690.1 0.000 Weeks 0.0022 0.0001 38.91 0.000 Stock Fric)

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Author:Amos Gilat
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A popular social media platform has begun offering stock
shares to the public. In the past 2 years, the price of the
stock has generally increased. An investment specialist
Based on the scatterplot and computer output, a
reasonable estimate for the stock price for week 95 is:
$2.27 because y 0.0022(95) + 2.0583 = 2.2673.
%3D
gathers data on the stock price during the past 2 years
and creates an exponential model for estimating the
stock price based on the number of weeks after the first
public offering.
$9.65 because log y =0.0022(95) +2.0583 = 2.2673 and
e2 2673 = 9.6533.
log(Stock Price) vs. Weeks
O $185.05 because log y =0.0022(95) +2.0583 =2.2673
2.28
and 102.2673 185.05.
2.26
2.24
O $220.44 because log y =0.0030(95) +2.0583 =2.3433 and
102 3433 -
= 220.44
2 12
2.16
3 00
204
Weeks
Predictor
SE Coef
0.0030
Coef
Constant
2.0583
690.1
0.000
Weeks
0.0022
0.0001
38.91
0.000
S = 0.0085
R-Sq = 98.6%
R-Sq (adj) = 98.8%
Stock Frica)
Transcribed Image Text:A popular social media platform has begun offering stock shares to the public. In the past 2 years, the price of the stock has generally increased. An investment specialist Based on the scatterplot and computer output, a reasonable estimate for the stock price for week 95 is: $2.27 because y 0.0022(95) + 2.0583 = 2.2673. %3D gathers data on the stock price during the past 2 years and creates an exponential model for estimating the stock price based on the number of weeks after the first public offering. $9.65 because log y =0.0022(95) +2.0583 = 2.2673 and e2 2673 = 9.6533. log(Stock Price) vs. Weeks O $185.05 because log y =0.0022(95) +2.0583 =2.2673 2.28 and 102.2673 185.05. 2.26 2.24 O $220.44 because log y =0.0030(95) +2.0583 =2.3433 and 102 3433 - = 220.44 2 12 2.16 3 00 204 Weeks Predictor SE Coef 0.0030 Coef Constant 2.0583 690.1 0.000 Weeks 0.0022 0.0001 38.91 0.000 S = 0.0085 R-Sq = 98.6% R-Sq (adj) = 98.8% Stock Frica)
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