The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 O Millions of Users 2005 2006 2007 2008 T, = 2009 2010 2011 1 900- 800- 700 600 500- 400 300- 200+ 100+ of 0- 0 2 3 5 (a) Construct a time series plot. 6 7 8 2 4 1 5 11 59 145 361 608 846 Period 6 8 10 Millions of Users @O What type of pattern exists? O The time series plot exhibits a downward curvilinear trend. The time series plot exhibits an upward linear trend. O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward curvilinear trend. 900 800 700 600 500 400 300 200 100 of 0 2 4 Period 6 8 10 900 800 700 600 500 400 300 200 100- 0- 0 2 4 Period 6 (b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast users (in millions). (Round your numerical values to one decimal place.) 8 10 DO 900 T 800 700- 600 500 400- 300- 200 100- of 0 2 4 Period 6 8 10 Ⓡ

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
100%
The number of users of a certain website (in millions) from 2004 through 2011 follows.
Year
Millions of Users
2004
2005
2006
2007
2008
2009
2010
2011
900
800
700
600-
500-
400
Period Users (Millions)
300
200
100-
1
2
3
4
5
(a) Construct a time series plot.
6
7
8
2
4
1
5
11
59
145
361
608
846
Period
8
10
Millions of Users
What type of pattern exists?
O The time series plot exhibits a downward curvilinear trend.
O The time series plot exhibits an upward linear trend.
O The time series plot exhibits a downward linear trend.
O The time series plot exhibits an upward curvilinear trend.
900
800
700
600
500
400
300
200
100-
0
2
4
Period.
6
8
10
Millions of Users
900
800
700
600
500
400
300
200
100+
0-
0
2
4
Period
6
(b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast users (in millions). (Round your numerical values to one decimal place.)
T₁ =
8
10
Millions of Users
900
800-
700-
600-
500-
400-
300-
200-
100-
0
0
2
4
Period
6
8
10
Ⓡ
Transcribed Image Text:The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Millions of Users 2004 2005 2006 2007 2008 2009 2010 2011 900 800 700 600- 500- 400 Period Users (Millions) 300 200 100- 1 2 3 4 5 (a) Construct a time series plot. 6 7 8 2 4 1 5 11 59 145 361 608 846 Period 8 10 Millions of Users What type of pattern exists? O The time series plot exhibits a downward curvilinear trend. O The time series plot exhibits an upward linear trend. O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward curvilinear trend. 900 800 700 600 500 400 300 200 100- 0 2 4 Period. 6 8 10 Millions of Users 900 800 700 600 500 400 300 200 100+ 0- 0 2 4 Period 6 (b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast users (in millions). (Round your numerical values to one decimal place.) T₁ = 8 10 Millions of Users 900 800- 700- 600- 500- 400- 300- 200- 100- 0 0 2 4 Period 6 8 10 Ⓡ
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Similar questions
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