STATISTICS F/BUSINESS+ECONOMICS-TEXT
13th Edition
ISBN: 9781305881884
Author: Anderson
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 17.5, Problem 33E
a.
To determine
Construct the time series plot.
Explain the type of pattern.
b.
To determine
Construct the estimated regression equation using dummy variables with seasonal effects with 5 time periods.
c.
To determine
Calculate the normal usage of power over the interrupted times.
d.
To determine
Construct the estimated regression equation using dummy variables with seasonal effects and any linear trend.
e.
To determine
Calculate the normal usage of power over the interrupted times.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
The monthly usage for a component supplied to a medical equipment manufacturing plant is 4718 parts. There are 20 working days in the month,
and the effective operating time of the plant is 439 minutes per day. Currently, the defect rate for the component is 3.7%, and the equipment used
to produce the part is down for repairs an average of 23 minutes per day. What is the Takt time of this part? Write your answer to two decimal
places.
?
The value of all goods and services produced in a nation during a specific period of time, as compared to an earlier period, is called the economic growth rate. It measures the change in a nation's gross domestic product (GDP). The United States had an economic growth rate of approximately 2.9%and GDP of approximately $20.58 trillion in 2018. If the economic growth rate is expected to stay the same for the next 3 years, what is the projected GDP for the year 2021?
a
$21.96 trillion
b
$23.15 trillion
c
$22.42 trillion
d
$22.31 trillion
A popular social media platform has begun offering stock shares to the public. In the past 2 years, the price of the stock has generally increased. An investment specialist gathers data on the stock price during the past 2 years and creates an exponential model for estimating the stock price based on the number of weeks after the first public offering.
Based on the scatterplot and computer output, a reasonable estimate for the stock price for week 95 is:
$2.27 because ŷ = 0.0022(95) + 2.0583 = 2.2673.
$9.65 because and e2.2673 = 9.6533.
$185.05 because and 102.2673 = 185.05.
$220.44 because and 102.3433 = 220.44
Chapter 17 Solutions
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Ch. 17.2 - Consider the following time series data. Week 1 2...Ch. 17.2 - Refer to the time series data in exercise 1. Using...Ch. 17.2 - Exercises 1 and 2 used different forecasting...Ch. 17.2 - Consider the following time series data. Month 1 2...Ch. 17.3 - Consider the following time series data. Week 1 2...Ch. 17.3 - Consider the following time series data. Month 1 2...Ch. 17.3 - Refer to the gasoline sales time series data in...Ch. 17.3 - Refer again to the gasoline sales time series data...Ch. 17.3 - With the gasoline time series data from Table...Ch. 17.3 - With a smoothing constant of = .2, equation...
Ch. 17.3 - For the Hawkins Company, the monthly percentages...Ch. 17.3 - Corporate triple-A bond interest rates for 12...Ch. 17.3 - The values of Alabama building contracts (in ...Ch. 17.3 - The following time series shows the sales of a...Ch. 17.3 - Ten weeks of data on the Commodity Futures Index...Ch. 17.3 - The U.S. Census Bureau tracks the median price for...Ch. 17.4 - Consider the following time series data. a....Ch. 17.4 - Prob. 18ECh. 17.4 - Consider the following time series. a. Construct a...Ch. 17.4 - Prob. 20ECh. 17.4 - Prob. 21ECh. 17.4 - The Seneca Childrens Fund (SCF) is a local charity...Ch. 17.4 - The following table shows Googles annual revenue...Ch. 17.4 - FRED (Federal Reserve Economic Data), a database...Ch. 17.4 - Quarterly revenue ( millions) for Twitter for the...Ch. 17.4 - Giovanni Food Products produces and sells frozen...Ch. 17.4 - Prob. 27ECh. 17.5 - Consider the following time series. a. Construct a...Ch. 17.5 - Consider the following time series data. a....Ch. 17.5 - The quarterly sales data (number of copies sold)...Ch. 17.5 - Air pollution control specialists in southern...Ch. 17.5 - South Shore Construction builds permanent docks...Ch. 17.5 - Prob. 33ECh. 17.5 - Three years of monthly lawn-maintenance expenses...Ch. 17.6 - Consider the following time series data. a....Ch. 17.6 - Refer to exercise 35. a. Deseasonalize the time...Ch. 17.6 - The quarterly sales data (number of copies sold)...Ch. 17.6 - Three years of monthly lawn-maintenance expenses...Ch. 17.6 - Air pollution control specialists in southern...Ch. 17.6 - Electric power consumption is measured in...Ch. 17 - The weekly demand (in cases) for a particular...Ch. 17 - The following table reports the percentage of...Ch. 17 - United Dairies. Inc., supplies milk to several...Ch. 17 - The data contained in the DATAfile named CrudeCost...Ch. 17 - Annual retail store revenue for Apple from 2007 to...Ch. 17 - The Mayfair Department Store in Davenport, Iowa,...Ch. 17 - Prob. 47SECh. 17 - The Costello Music Company has been in business...Ch. 17 - Consider the Costello Music Company problem in...Ch. 17 - Refer to the Costello Music Company problem in...Ch. 17 - Refer to the Costello Music Company time series in...Ch. 17 - Hudson Marine has been an authorized dealer for CD...Ch. 17 - Refer to the Hudson Marine problem in exercise 52....Ch. 17 - Refer to the Hudson Marine problem in exercise 53....Ch. 17 - Refer to the Hudson Marine data in exercise 53. a....Ch. 17 - Forecasting Food and Beverage Sales The Vintage...Ch. 17 - Forecasting Lost Sales The Carlson Department...
Knowledge Booster
Similar questions
- Does a linear, exponential, or logarithmic model best fit the data in Table 2? Find the model.arrow_forwardEnter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine whetherthe data from the table would likely represent a function that is linear, exponential, or logarithmic.arrow_forwardWhat might a scatterplot of data points look like if it were best described by a logarithmic model?arrow_forward
- An earthquake in Mexico in 1985 had and intensity level about 125, 000, 000 times the reference intensity. Find the Richter number for that earthquake.arrow_forwardEstimate the age of a newly discovered fossil for which the ratio of carbon-14 to carbon-12 is R=1/1014.arrow_forwardIn 1906, San Francisco experienced an intense earthquake with a magnitude of 7.8 on the Richter scale. In 1989, the Loma Prieta earthquake also affected the San Francisco area, and measured 6.9 on the Richter scale. Compare the intensities of the two earthquakes.arrow_forward
- Use log21=0,log22=1, and log24=2 to estimate log23.arrow_forwardIn 2014, Chile experienced an intense earthquake with a magnitude of 8.2 on the Richter scale. In 2014, Los Angeles also experienced an earthquake which measured 5.1 on the Richter scale. Compare the intensities of the two earthquakes.arrow_forwardTable 6 shows the year and the number ofpeople unemployed in a particular city for several years. Determine whether the trend appears linear. If so, and assuming the trend continues, in what year will the number of unemployed reach 5 people?arrow_forward
- With what kind of exponential model would doubling time be associated? What role does doubling time play in these models?arrow_forwardWhat is the y -intercept on the graph of the logistic model given in the previous exercise?arrow_forwardForecast the percentage of tax returns that will be electronically filed for 2010 using exponential smoothing with α=0.1.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning