he general fund revenue receipts for a particular U.S. state for 2003 (period 1)General Fund($ billions)Year Period2003 12004888888888012015General Fund RevenueReceipts ($ billions)21098702PeriodWhat type of pattern exists in the dataThe time series plot shows. horizontal patternO The time series plot shows a nonlinear trend.O The time series plot shows a seasThe time series plot shows a linear trend.(b) Develop a linear trend equation.General Fund RevenueReceipts ($ billions)NEO(c) What is the forecast (in billions of dollars) for period: (Round your answer to threesbillionⒸGeneral Fund RevenueReceipts ($billions)==NHOPeriodNIORBTINIOBERGeneral Fund RevenueReceipts ($ billions)e

Here we have to construct time series plot. we will use excel Enter the data in excel -> Insert…

Answered: Suppose the general fund revenue…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.2: Graphs Of Equations In Two Variables; Circles

Problem 111E

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