Walmart Revenue The annual revenue of Walmart is given in the table below (source B). Walmart Annual Revenue (Billions of US dollars) 559.151 523.964 514.405 500.343 485.873 482.130 485.651 476.294 468.651 446.509 421.849 408.085 404.254 377.023 348.368 312.101 284.310 Year 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 Apply linear regression to the data in the table to find a model y = mx + b, where y is Walmart's annual revenue in billions of US dollars, and is the number of years since 2000. Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest
Walmart Revenue The annual revenue of Walmart is given in the table below (source B). Walmart Annual Revenue (Billions of US dollars) 559.151 523.964 514.405 500.343 485.873 482.130 485.651 476.294 468.651 446.509 421.849 408.085 404.254 377.023 348.368 312.101 284.310 Year 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 Apply linear regression to the data in the table to find a model y = mx + b, where y is Walmart's annual revenue in billions of US dollars, and is the number of years since 2000. Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Expert Solution
Step 1
Given:
A table of data:
y | |
559.151 | 2021 |
523.964 | 2020 |
514.405 | 2019 |
200.343 | 2018 |
485.873 | 2017 |
482.13 | 2016 |
485.651 | 2015 |
476.294 | 2014 |
468.651 | 2013 |
446.509 | 2012 |
421.849 | 2011 |
408.085 | 2010 |
404.254 | 2009 |
377.023 | 2008 |
348.368 | 2007 |
312.101 | 2006 |
284.31 | 2005 |
To Find:
Applying linear regression to the given data in the table we have to find a model ;
Where is Walmart's annual revenue in billions of US dollars, and is the number of years.
Also, find the estimated revenue of Walmart in 2046.
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