Use the regression equation to make a prediction for each quarter in 2011. (Enter your answers in millions rounded to 3 decimal places.) Quarter Predicted Q1 Q2 Q3 Q4 Quarterly Revenue for Coca Cola Company, 2005-2010 (millions of dollars) Quarterly Revenue for Coca Cola Company, 2005-2010 (millions of dollars) Year Quarter Revenue 2005 Qtr1 5,206 In row-column format Qtr2 6,310 Quarter 2005 2006 2007 2008 2009 2010 Qtr3 6,037 Qtr1 5,206 5,226 6,103 7,379 7,169 7,525 Qtr4 5,551 Qtr2 6,310 6,476 7,733 9,046 8,267 8,674 2006 Qtr1 5,226 Qtr3 6,037 6,454 7,690 8,393 8,044 8,426 Qtr2 6,476 Qtr4 5,551 5,932 7,331 7,126 7,510 10,494 Qtr3 6,454 Qtr4 5,932 2007 Qtr1 6,103 Qtr2 7,733 Qtr3 7,690 Qtr4 7,331 2008 Qtr1 7,379 Qtr2 9,046 Qtr3 8,393 Qtr4 7,126 2009 Qtr1 7,169 Qtr2 8,267 Qtr3 8,044 Qtr4 7,510 2010 Qtr1 7,525 Qtr2 8,674 Qtr3 8,426 Qtr4 10,494
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
Please answer the first two subparts only. Part (C)
(c) Use the regression equation to make a prediction for each quarter in 2011. (Enter your answers in millions rounded to 3 decimal places.)
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Quarter |
Predicted |
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Q1 |
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Q2 |
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Q3 |
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Q4 |
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Quarterly Revenue for Coca Cola Company, 2005-2010 (millions of dollars) |
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Quarterly Revenue for Coca Cola Company, 2005-2010 (millions of dollars) |
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Year |
Quarter |
Revenue |
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2005 |
Qtr1 |
5,206 |
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In row-column format |
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Qtr2 |
6,310 |
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Quarter |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
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Qtr3 |
6,037 |
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Qtr1 |
5,206 |
5,226 |
6,103 |
7,379 |
7,169 |
7,525 |
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Qtr4 |
5,551 |
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Qtr2 |
6,310 |
6,476 |
7,733 |
9,046 |
8,267 |
8,674 |
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2006 |
Qtr1 |
5,226 |
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Qtr3 |
6,037 |
6,454 |
7,690 |
8,393 |
8,044 |
8,426 |
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Qtr2 |
6,476 |
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Qtr4 |
5,551 |
5,932 |
7,331 |
7,126 |
7,510 |
10,494 |
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Qtr3 |
6,454 |
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Qtr4 |
5,932 |
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2007 |
Qtr1 |
6,103 |
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Qtr2 |
7,733 |
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Qtr3 |
7,690 |
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Qtr4 |
7,331 |
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2008 |
Qtr1 |
7,379 |
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Qtr2 |
9,046 |
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Qtr3 |
8,393 |
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Qtr4 |
7,126 |
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2009 |
Qtr1 |
7,169 |
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Qtr2 |
8,267 |
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Qtr3 |
8,044 |
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Qtr4 |
7,510 |
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2010 |
Qtr1 |
7,525 |
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Qtr2 |
8,674 |
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Qtr3 |
8,426 |
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Qtr4 |
10,494 |
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