table below contains the yearly movie attendance (in billions) from 2001 through 2013. Construct a time-series plot for the movie attendance (in billions). What pattern, if any, is present in the data? Year Attendance (billions) 2001 1.41 2002 2003 2004 2005 2006 1.52 1.49 1.41 1.35 1.38

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.4CE
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The table belovw contains the yearly movie attendance (in billions) from 2001 through 2013.
a. Choose the correct time-series plot below.
Construct a time-series plot for the movie attendance (in billions).
What pattern, if any, is present in the data?
а.
b.
O A.
OB.
Year
Attendance (billions) O
2001
1.41
2002
2003
1.52
1.49
1.41
1.35
2004
2005
1-
2000
2014
2000
2014
2006
1.38
Year
Year
2007
1.37
2008
2009
O D.
1.35
OC.
OD.
1.37
2010
1.29
2-
2011
1.24
2012
1.31
2013
1.14
2014
1+
2000
2014
2000
Year
Year
b. Choose the correct answer below.
O A. Movie attendance has steadily increased from 2001 onward.
O B. Movie attendance has steadily decreased from 2001 onward.
Transcribed Image Text:The table belovw contains the yearly movie attendance (in billions) from 2001 through 2013. a. Choose the correct time-series plot below. Construct a time-series plot for the movie attendance (in billions). What pattern, if any, is present in the data? а. b. O A. OB. Year Attendance (billions) O 2001 1.41 2002 2003 1.52 1.49 1.41 1.35 2004 2005 1- 2000 2014 2000 2014 2006 1.38 Year Year 2007 1.37 2008 2009 O D. 1.35 OC. OD. 1.37 2010 1.29 2- 2011 1.24 2012 1.31 2013 1.14 2014 1+ 2000 2014 2000 Year Year b. Choose the correct answer below. O A. Movie attendance has steadily increased from 2001 onward. O B. Movie attendance has steadily decreased from 2001 onward.
b. Choose the correct answer below.
O A. Movie attendance has steadily increased from 2001 onward.
O B. Movie attendance has steadily decreased from 2001 onward.
OC. Movie attendance increased from 2001 to 2007 then decreased from 2007 to 2013.
O D. Overall movie attendance has decreased between 2001 and 2013 except for 2002, 2006,
2009, and 2012.
Transcribed Image Text:b. Choose the correct answer below. O A. Movie attendance has steadily increased from 2001 onward. O B. Movie attendance has steadily decreased from 2001 onward. OC. Movie attendance increased from 2001 to 2007 then decreased from 2007 to 2013. O D. Overall movie attendance has decreased between 2001 and 2013 except for 2002, 2006, 2009, and 2012.
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