GIVEN THE FOLLOWING DATA, COMPUTE FOR THE FOLLOWING: 2. ARITHMETIC GEOMETRIC CURVE 3. STATISTICAL PARABOLIC CURVE WRITE A RECOMMENDATION REGARDING THE RESULTS AND WHICH OF THE METHOD IS BEST FIT FOR THE DATA.
GIVEN THE FOLLOWING DATA, COMPUTE FOR THE FOLLOWING: 2. ARITHMETIC GEOMETRIC CURVE 3. STATISTICAL PARABOLIC CURVE WRITE A RECOMMENDATION REGARDING THE RESULTS AND WHICH OF THE METHOD IS BEST FIT FOR THE DATA.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
GIVEN THE FOLLOWING DATA, COMPUTE FOR THE FOLLOWING:
2. ARITHMETIC GEOMETRIC CURVE
3. STATISTICAL PARABOLIC CURVE
WRITE A RECOMMENDATION REGARDING THE RESULTS AND WHICH OF THE METHOD IS BEST FIT FOR THE DATA.
![Supposed this Is Yc
(straightline)
450,000
370,000
750,000
1,100,000
1,500,000
1,000,000
1,700,000
2,000,000
1,900,000
2,300,000
Yi + 1
(Geometric)
450,000
370,000
750,000
1,100,000
1,500,000
1,000,000
1,700,000
2,000,000
1,900,000
2,300,000
YEAR
SALES
415,000 1
356,000
703,556
1,023,400
1,308,905
900,573
1,504,789
1,705,932
1,895,890
2,094,256
2011
2012
3
4
2013
2014
2015
2016
2017
7.
2018
8
2019
9
2020
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbbd5a51a-d149-484a-b030-a5d45190c4c9%2Ff7169407-a943-44d3-be0f-f07e443ad604%2Fcvh6oad_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Supposed this Is Yc
(straightline)
450,000
370,000
750,000
1,100,000
1,500,000
1,000,000
1,700,000
2,000,000
1,900,000
2,300,000
Yi + 1
(Geometric)
450,000
370,000
750,000
1,100,000
1,500,000
1,000,000
1,700,000
2,000,000
1,900,000
2,300,000
YEAR
SALES
415,000 1
356,000
703,556
1,023,400
1,308,905
900,573
1,504,789
1,705,932
1,895,890
2,094,256
2011
2012
3
4
2013
2014
2015
2016
2017
7.
2018
8
2019
9
2020
10
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