STATISTICAL TECHNIQUES FOR BUSINESS AND
STATISTICAL TECHNIQUES FOR BUSINESS AND
17th Edition
ISBN: 9781307261158
Author: Lind
Publisher: MCG/CREATE
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Chapter 18, Problem 22CE

a.

To determine

Determine the logarithmic trend equation.

b.

To determine

Estimate the advertisement expenses for the year 2020.

c.

To determine

Find the percentage of increase in advertisement expense during the period.

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Siena Ltd attempts to find the trend of its sales over the past five years. Siena is considering which model that best represent the trends of its sales. Following are the result of linear and exponential model trend analysis:  a. Calculate the MSE and MAD for the linear trend model  b. Calculate the MSE and MAD for the exponential trend model  c. Which model that performs better
9. A certain bacteria population triples each minute. Suppose you begin with a single bacteria cell. a. Create a table of values to show the population of bacteria at the end of each minute for the first 5 minutes of growth. b. Graph the data from your table using the desmos graphing calculator. (insert below). c. Is the population of bacteria growing linearly or exponentially? Explain.
c. Predict sales in 15 years.
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