MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question

 

Advertising Year Expenditure

Membership

Year

$ (000)

Subscriptions

2013

51

62

2014

58

68

2015

62

66

2016

65

66

2017

68

67

2018

76

72

2019

77

73

2020

78

72

2021

78

78

2022

84

73

2023

85

76

 

  • Plot the scatter graph for the data.
  • Use the data, to develop a regression equation relating advertising expenditure to membership.
  • Estimate the membership if $40,000 is spent on advertising.
  • How much must be spent on advertising to obtain a membership of 80 (000)?
  • What is the nature of the relationship between advertising expenditure and membership?
  • Forecast 2024 membership using an alternative method, clearly explaining the limitations of your selected method.
  • What are the limitations of the method used in (1)
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