The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 2005 5 2006 11 2007 4 57 2008 146 2009 6 360 2010 608 2011 845 (a) Construct a time series plot. 900 800 900 800 700 900 800 900- 800 700 600 500 400 300- 200 100 700 700 600 600 600 E 500 * 500 5 50 400 400 400 300 200 100 300 300 200 100 200 100- of 4. 10 4 6. 10 10 4 6. 10 Period Period Period Period What type of pattern exists? O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward linear trend. O The time series plot exhibits an upward curvilinear trend. O The time series plot exhibits a downward curvilinear 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.) 7- 110 - 117.1-26.3 Millions of Users

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
Period Users (Millions)
2004
1
1
2005
2
5
2006
3
11
2007
4
57
2008
5
146
2009
360
2010
608
2011
845
(a) Construct a time series plot.
900
800
700
600
900
900
900
800
E 700
600
500
400
800
800
700
600
* 500
700
600
500
400
400
300-
200
100
400
300
200
100
of
300
300
200
100-
200
100-
of
2
4
8
10
2
4
6.
10
4
6
8
10
2
6
8
10
Period
Period
Period
Period
What type of pattern exists?
O The time series plot exhibits a downward linear trend.
O The time series plot exhibits an upward linear trend.
O The time series plot exhibits an upward curvilinear trend.
lO The time series plot exhibits a downward curvilinear 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.)
-110 – 117.11 + 26.3/
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 5 2006 3 11 2007 4 57 2008 5 146 2009 360 2010 608 2011 845 (a) Construct a time series plot. 900 800 700 600 900 900 900 800 E 700 600 500 400 800 800 700 600 * 500 700 600 500 400 400 300- 200 100 400 300 200 100 of 300 300 200 100- 200 100- of 2 4 8 10 2 4 6. 10 4 6 8 10 2 6 8 10 Period Period Period Period What type of pattern exists? O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward linear trend. O The time series plot exhibits an upward curvilinear trend. lO The time series plot exhibits a downward curvilinear 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.) -110 – 117.11 + 26.3/
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE 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