The following table presents data on the number of iPhones sold (in millions) during the last 6 years. Select one: O a. 89.53 O b. 151.25 O c. 128.75 Using your calculator, what is the value of the forecast for Sales in year 2014 using an AR(1) model? O d. 139.33 Year Sales 10 20 2010 40 2011 60 2012 100 2013 120 O e. 155.50 2008 2009

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The following table presents data on the number of iPhones sold (in millions) during the
last 6 years.
Year
Sales
2008
10
2009
20
2010
40
2011
60
2012
100
2013
120
Using your calculator, what is the value of the forecast for Sales in year 2014 using an
AR(1) model?
Select one:
O a.
89.53
O b. 151.25
O c. 128.75
O d. 139.33
e. 155.50
Transcribed Image Text:The following table presents data on the number of iPhones sold (in millions) during the last 6 years. Year Sales 2008 10 2009 20 2010 40 2011 60 2012 100 2013 120 Using your calculator, what is the value of the forecast for Sales in year 2014 using an AR(1) model? Select one: O a. 89.53 O b. 151.25 O c. 128.75 O d. 139.33 e. 155.50
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