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

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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/
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