The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 1 1 2005 2 7 2006 11 2007 4 58 2008 5 146 2009 359 2010 7 607 2011 8 846 (a) Construct a time series plot. 900 900 800 800 700- 700 600 600 500 500 400 400 300 300 200 100- 200 100 4 6 8 10 2 4 6 8 10 Period Period 900 T 800- * 700- 900 800 * 700- Millions of Users Millions of Users

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900
900
800
800
700
700
600
600
500
500
400
400
300
300
200-
200
100
100
0f
0f
4
6.
8.
10
4
6.
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10
Period
Period
C
What type of pattern exists?
The time series plot exhibits an upward curvilinear trend.
The time series plot exhibits a downward curvilinear trend.
The time series plot exhibits an upward linear trend.
The time series plot exhibits a downward linear trend.
(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. Since this is time
series, make sure to use t as the variable for the time period when entering the equation.)
Transcribed Image Text:900 900 800 800 700 700 600 600 500 500 400 400 300 300 200- 200 100 100 0f 0f 4 6. 8. 10 4 6. 8 10 Period Period C What type of pattern exists? The time series plot exhibits an upward curvilinear trend. The time series plot exhibits a downward curvilinear trend. The time series plot exhibits an upward linear trend. The time series plot exhibits a downward linear trend. (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. Since this is time series, make sure to use t as the variable for the time period when entering the equation.)
The number of users of a certain website (in millions) from 2004 through 2011 follows.
Year
Period
Users (Millions)
2004
1
1
2005
2
7
2006
11
2007
4
58
2008
146
2009
6.
359
2010
7
607
2011
8.
846
(a) Construct a time series plot.
900
900
800
800
700
700
600
600
500
500
400
400
300
300
200
200
100
100
0f
4
6 8
10
4
6.
8
10
Period
Period
900
900
800
800
700
700
600
600
Users
Millions of Users
Users
Millions of Users
2.
Transcribed Image Text:The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 1 1 2005 2 7 2006 11 2007 4 58 2008 146 2009 6. 359 2010 7 607 2011 8. 846 (a) Construct a time series plot. 900 900 800 800 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0f 4 6 8 10 4 6. 8 10 Period Period 900 900 800 800 700 700 600 600 Users Millions of Users Users Millions of Users 2.
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