Here are annual revenue data in billions of dollars for the 10-year period 2008-2017 for two well-known retailers: Amazon: 19.1; 24.5; 32.4; 48.1; 61.1; 74.5; 89.0; 107.9; 136.0; 177.9. Walmart: 402.2; 406.1; 420.0; 445.0; 467.2; 474.5; 483.5; 480.0; 482.2; 496.8. For each company, use linear extrapolation in Excel to forecast revenue in the year 2021. (Hint: Use either the Trendline option or the Regression tool.) Using the regression tool in Excel (with a constant term), in 2021, Amazon's stock price is forecasted to be $ and Walmart's is forecasted to be $. (Enter your responses rounded to two decimal places.)

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Here are annual revenue data in billions of dollars for the 10-year period 2008-2017 for two well-known retailers:
Amazon: 19.1; 24.5; 32.4; 48.1; 61.1; 74.5; 89.0; 107.9; 136.0; 177.9.
Walmart: 402.2; 406.1; 420.0; 445.0; 467.2; 474.5; 483.5; 480.0; 482.2; 496.8.
For each company, use linear extrapolation in Excel to forecast revenue in the year 2021. (Hint: Use either the
Trendline option or the Regression tool.)
Using the regression tool in Excel (with a constant term), in 2021, Amazon's stock price is forecasted to be $
and Walmart's is forecasted to be $ (Enter your responses rounded to two decimal places.)
Transcribed Image Text:Here are annual revenue data in billions of dollars for the 10-year period 2008-2017 for two well-known retailers: Amazon: 19.1; 24.5; 32.4; 48.1; 61.1; 74.5; 89.0; 107.9; 136.0; 177.9. Walmart: 402.2; 406.1; 420.0; 445.0; 467.2; 474.5; 483.5; 480.0; 482.2; 496.8. For each company, use linear extrapolation in Excel to forecast revenue in the year 2021. (Hint: Use either the Trendline option or the Regression tool.) Using the regression tool in Excel (with a constant term), in 2021, Amazon's stock price is forecasted to be $ and Walmart's is forecasted to be $ (Enter your responses rounded to two decimal places.)
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