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What type of pattern exists in the data? The time series plot shows an upward linear trend. The time series plot shows a downward curvilinear trend. The time series plot shows a downward linear trend. The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) ) billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) billion

What type of pattern exists in the data? The time series plot shows an upward linear trend. The time series plot shows a downward curvilinear trend. The time series plot shows a downward linear trend. The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) ) billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) billion

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.8 2010 29.2 2011 37.9 2012 4 50.3 2013 59.8 2014 6 66.6 (a) Construct a time series plot. 80 80 70 70 70 70 60 60 50 50 50 30 30 30 30- 20 20 20 20 10 10 10 - 10- 4. 6 7 4 6 4 5 6 7 1 2. 4 6 7 Period Period Period Period What type of pattern exists in the data? O The time series plot shows an upward linear trend. O The time series plot shows a downward curvilinear trend. O The time series plot shows a downward linear trend. O The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) T = (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) billion Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) Revenue ($ billions)
Transcribed Image Text:The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.8 2010 29.2 2011 37.9 2012 4 50.3 2013 59.8 2014 6 66.6 (a) Construct a time series plot. 80 80 70 70 70 70 60 60 50 50 50 30 30 30 30- 20 20 20 20 10 10 10 - 10- 4. 6 7 4 6 4 5 6 7 1 2. 4 6 7 Period Period Period Period What type of pattern exists in the data? O The time series plot shows an upward linear trend. O The time series plot shows a downward curvilinear trend. O The time series plot shows a downward linear trend. O The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) T = (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) billion Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) Revenue ($ billions)
What type of pattern exists in the data? O The time series plot shows an upward linear trend. O The time series plot shows a downward curvilinear trend. O The time series plot shows a downward linear trend. O The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) T = (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) 2$ billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) 24 billion
Transcribed Image Text:What type of pattern exists in the data? O The time series plot shows an upward linear trend. O The time series plot shows a downward curvilinear trend. O The time series plot shows a downward linear trend. O The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) T = (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) 2$ billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) 24 billion
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