The data table below shows the series of Output per hour of labor for a certain country. a) Make a time series plot. b) Describe the Trend component. (Remember: Direction, Form, and Strength) c) Is there evidence of a Seasonal component? 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 49.0 84.4 66.9 50.6 80.5 58.3 84.6 76.0 75.5 65.6 Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Output 74.6 56.0 64.7 73.2 84.4 103.6 75.5 85.8 121.2 116.9 Year Output a) Choose the correct plot below. ⒸA. 130 Output *TH U HH19: Σ HE 40+ 1985 Year 2010 Q Q b) Describe the direction of the trend. The direction is ▼ Describe the form of the trend. The shape of the data is Describe the strength of the relationship. The relationship appears to be c) Is there evidence of a Seasonal component? OB. Output 19 1-4 130+ 1000 Hom GOOD 40++ 1985 O A. Yes, because the mean of the data is definitely changing with time. O B. No, because the mean value is approximately constant with time. O C. Yes, because there is a consistent and repeating variation in the data. OD. No, because there is no consistent repeating variation. Year Year 2010 Q Q O C. Output FOYE For + HE ▬▬▬▬▬ 40> 130 1985 Year 2010 Q O D. Output 14 10 Honey +++ T 40++> 130- 1985 Year Yea 2010 Q

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The data table below shows the series of Output per hour of labor for a certain country.
a) Make a time series plot.
b) Describe the Trend component. (Remember: Direction, Form, and Strength)
c) Is there evidence of a Seasonal component?
Year
Output
Year 1999 2000 2001 2002 2003 2004
Output 74.6 56.0 64.7 73.2 84.4 103.6
a) Choose the correct plot below.
OA.
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
49.0 84.4 66.9 50.6 80.5 58.3 84.6 76.0 75.5 65.6
130-
Output
WH
H
bo
H
▬▬▬▬
40++
1985
Year
Year
2010
Q
b) Describe the direction of the trend.
The direction is
Describe the form of the trend.
The shape of the data is
Describe the strength of the relationship.
The relationship appears to be
c) Is there evidence of a Seasonal component?
2005 2006 2007 2008
75.5 85.8 121.2 116.9
O B.
130-
Output
t
PORO
boot
Ho
J
40+
1985
O A. Yes, because the mean of the data is definitely changing with time.
O B. No, because the mean value is approximately constant with time.
O C. Yes, because there is a consistent and repeating variation in the data.
O D. No, because there is no consistent repeating variation.
Year
Year
2010
Q
C
O C.
130
Output
J
40+
1985
M
Year
2010
O
Q
O D.
130-
Output
▬▬
TO
wat
+++
CH
TH
CH
40++
1985
Year
2010
Q
Transcribed Image Text:The data table below shows the series of Output per hour of labor for a certain country. a) Make a time series plot. b) Describe the Trend component. (Remember: Direction, Form, and Strength) c) Is there evidence of a Seasonal component? Year Output Year 1999 2000 2001 2002 2003 2004 Output 74.6 56.0 64.7 73.2 84.4 103.6 a) Choose the correct plot below. OA. 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 49.0 84.4 66.9 50.6 80.5 58.3 84.6 76.0 75.5 65.6 130- Output WH H bo H ▬▬▬▬ 40++ 1985 Year Year 2010 Q b) Describe the direction of the trend. The direction is Describe the form of the trend. The shape of the data is Describe the strength of the relationship. The relationship appears to be c) Is there evidence of a Seasonal component? 2005 2006 2007 2008 75.5 85.8 121.2 116.9 O B. 130- Output t PORO boot Ho J 40+ 1985 O A. Yes, because the mean of the data is definitely changing with time. O B. No, because the mean value is approximately constant with time. O C. Yes, because there is a consistent and repeating variation in the data. O D. No, because there is no consistent repeating variation. Year Year 2010 Q C O C. 130 Output J 40+ 1985 M Year 2010 O Q O D. 130- Output ▬▬ TO wat +++ CH TH CH 40++ 1985 Year 2010 Q
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