in Purchase, New York. PepsiCo has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which included an acquisition of Tropicana Products in 1998 and the Quaker Oats Company in 2001, which added the Gatorade brand to its portfolio. As of January 26, 2012, 22 of PepsiCo's brands generated retail sales of more than $1 billion apiece, and the company's products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food and beverage business in the world. Your consulting firm has been hired to forecast the total revenues for PepsiCo, Inc. for each quarter of 2021. The company's past seasonal revenues are located below. Total Revenues ($millions) Quarter 2 $15,710 $16,090 $16,449 $15,945 Fiscal Year (FY) Quarter 1 $12,049 $12,562 $12,884 $13,881 Quarter 3 $16,240 $16,485 $17,188 $18,091 Quarter 4 $19,526 $19,524 $20,640 $22,455 2017 2018 2019 2020 Before continuing to the problems below, construct a time series plot (line chart) of PepsiCo revenue data. Use the data and this chart to answer the questions below. Because the data are categorized by quarter, the forecast may need to account for seasonal impacts. Use the multiple regression model defined below to forecast PepsiCo's revenues. 1. A colleague has suggested the presence of a trend in PepsiCo’s revenues, disregarding seasonal impacts. Use the regression equations identified below to forecast using only trend. (a) Using a second-order model, develop a nonlinear estimated regression equation [T = bo + bit + bzť²] to forecast PepsiCo's revenues. Use the nonlinear equation to forecast revenues for each quarter of 2021. Using a= 0.05, discuss the significance (R-square, F-test and t-tests) of the equation in part (d). (b) Do you prefer the estimated regression equation developed in part (b) or part (d)? Explain. (c)
in Purchase, New York. PepsiCo has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which included an acquisition of Tropicana Products in 1998 and the Quaker Oats Company in 2001, which added the Gatorade brand to its portfolio. As of January 26, 2012, 22 of PepsiCo's brands generated retail sales of more than $1 billion apiece, and the company's products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food and beverage business in the world. Your consulting firm has been hired to forecast the total revenues for PepsiCo, Inc. for each quarter of 2021. The company's past seasonal revenues are located below. Total Revenues ($millions) Quarter 2 $15,710 $16,090 $16,449 $15,945 Fiscal Year (FY) Quarter 1 $12,049 $12,562 $12,884 $13,881 Quarter 3 $16,240 $16,485 $17,188 $18,091 Quarter 4 $19,526 $19,524 $20,640 $22,455 2017 2018 2019 2020 Before continuing to the problems below, construct a time series plot (line chart) of PepsiCo revenue data. Use the data and this chart to answer the questions below. Because the data are categorized by quarter, the forecast may need to account for seasonal impacts. Use the multiple regression model defined below to forecast PepsiCo's revenues. 1. A colleague has suggested the presence of a trend in PepsiCo’s revenues, disregarding seasonal impacts. Use the regression equations identified below to forecast using only trend. (a) Using a second-order model, develop a nonlinear estimated regression equation [T = bo + bit + bzť²] to forecast PepsiCo's revenues. Use the nonlinear equation to forecast revenues for each quarter of 2021. Using a= 0.05, discuss the significance (R-square, F-test and t-tests) of the equation in part (d). (b) Do you prefer the estimated regression equation developed in part (b) or part (d)? Explain. (c)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Solve on excel
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman