College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN: 9781305652231
Author: R. David Gustafson, Jeff Hughes
Publisher: Cengage Learning
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Suppose the following data shows a company's annual revenue from 2008 (period 1) to 2017 (period 10) in billions of dollars.
Year
Period
Annual Revenue
($ billions)
2008
1
$20.80
2009
2
$24.65
2010
3
$30.32
2011
4
$37.91
2012
5
$50.18
2013
6
$56.50
2014
7
$66.00
2015
8
$73.99
2016
9
$90.27
2017
10
$110.86
What type of pattern exists?
The time series plot indicates a linear pattern.
The time series plot indicates curvature in the data.
The time series plot shows a cyclical pattern.
The time series plot shows a horizontal pattern.
(b) Develop a quadratic trend equation. (Round your numerical values to four decimal places.)
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Transcribed Image Text:Suppose the following data shows a company's annual revenue from 2008 (period 1) to 2017 (period 10) in billions of dollars. Year Period Annual Revenue ($ billions) 2008 1 $20.80 2009 2 $24.65 2010 3 $30.32 2011 4 $37.91 2012 5 $50.18 2013 6 $56.50 2014 7 $66.00 2015 8 $73.99 2016 9 $90.27 2017 10 $110.86 What type of pattern exists? The time series plot indicates a linear pattern. The time series plot indicates curvature in the data. The time series plot shows a cyclical pattern. The time series plot shows a horizontal pattern. (b) Develop a quadratic trend equation. (Round your numerical values to four decimal places.)
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