Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 18, Problem 18CE

a.

To determine

Obtain the estimation of linear trend equation for the personal income series.

b.

To determine

Compute the average annual decrease in personal income.

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The following table gives the approximate increase in the average price of a movie ticket every two years since 1990. If the price in 2004 is $6.99, what was the price of a ticket in 1990? Do not include a dollar sign in your answer. Starting Year 2-Year Change 1990 0.50 1992 -0.30 1994 0.25 1996 1.20 1998 0.30 2000 0.40 2002 0.2
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Statistical Techniques in Business and Economics

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