Quarterly revenue ($ millions) for Twitter for the first quarter of 2012 through the first quarter of 2014 are shown below: Revenue ($ millions) Quarter 1 54 68 82 4 112 114 6. 139 7 169 8 243 250 A. Construct atime series plot. What type of pattern exists in the data? B. Using Excel, develop a linear trend equation for this time series. C. Using Excel, develop a quadratic trend equation for this time series. d. Compare the MSE for each model. Which model appears to be better according to the MSE?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
AutoSave
Assignment 5 - Excel
P Search
A Emerson Oakes
困
ff
EO
File
Home
Insert
Page Layout
Formulas
Data
Review
View
Help
A Share
P Comments
P170
fe
A
B
D
E
G
H
K
L.
M
P
Q
R
1 Assignment 5
2 Problem 3
3
4
Quarterly revenue ($ millions) for Twitter for the first quarter of 2012 through the first quarter of 2014 are shown below:
5
Quarter
Revenue ($ millions)
6
1.
54
7
68
8
3
82
9
4
112
10
114
11
6
139
12
7
169
13
8
243
14
250
15
16
A. Construct atime series plot. What type of pattern exists in the data?
17
B. Using Excel, develop a linear trend equation for this time series.
18
C. Using Excel, develop a quadratic trend equation for this time series.
d. Compare the MSE for each model. Which model appears to be better according to the MSE?
e. Use the models developed in parts "b" and "c" to forecast revenue for the tenth quarter.
f. Which of the two forecasts in part "e" would you use ? Why did you choose that particular model ?
19
20
21
148
149
150
151
152
4)
153
154
10:22 PM
3/25/2021
155
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
+
Calculate
囲
目
+
100%
H Q o i C E O
Transcribed Image Text:AutoSave Assignment 5 - Excel P Search A Emerson Oakes 困 ff EO File Home Insert Page Layout Formulas Data Review View Help A Share P Comments P170 fe A B D E G H K L. M P Q R 1 Assignment 5 2 Problem 3 3 4 Quarterly revenue ($ millions) for Twitter for the first quarter of 2012 through the first quarter of 2014 are shown below: 5 Quarter Revenue ($ millions) 6 1. 54 7 68 8 3 82 9 4 112 10 114 11 6 139 12 7 169 13 8 243 14 250 15 16 A. Construct atime series plot. What type of pattern exists in the data? 17 B. Using Excel, develop a linear trend equation for this time series. 18 C. Using Excel, develop a quadratic trend equation for this time series. d. Compare the MSE for each model. Which model appears to be better according to the MSE? e. Use the models developed in parts "b" and "c" to forecast revenue for the tenth quarter. f. Which of the two forecasts in part "e" would you use ? Why did you choose that particular model ? 19 20 21 148 149 150 151 152 4) 153 154 10:22 PM 3/25/2021 155 Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 + Calculate 囲 目 + 100% H Q o i C E O
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman