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 6 rounded to the nearest
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 6 rounded to the nearest
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question

Transcribed Image Text:Walmart Revenue
The annual revenue of Walmart is given in the table below (source ).
Walmart Annual
Revenue
(Billions of US dollars)
559.151
Year
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
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
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 a is the number of years since
2000.
Use the model y = mx + b with m rounded to the nearest tenth and 6 rounded to the nearest

Transcribed Image Text:What is the slope m? Round to the nearest tenth (1 decimal place).
Expert Solution

Step 1
In finance we often have to make statistical analysis of the given financial information.
This is needed to make a forecast model or a forecast equation.
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