The data for this problem are the air freight shipments (in ton-miles) each month (beginning in January for one year) in the U. S. for 10 years. The following is a time series plot of this data. What are the most important features of this plot? Ton-miles 3000- 2500- 2000- 1500- 1000- Time Series Plot of Ton-miles ܐܐ ܬܐܐܐ ܘܐ ܘܐܐ ܐ 12 24 36 48 60 Index 72 84 96 108 120
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- Figure 6(a) shows the time series of the annual suicide rate (per 100,000 inhabitants) in Australia, between 1915 and 2004. Figure 6(b) shows the first differences of the rate and Figure 6(c) shows the second differences. Suicide rato 1600- 14 00 10.00 8.00- 6.00- (a) 1915 1325 2.00- A EM 0.00- 2.00- (1920 1045 1955 Year 1965 MY way 1075 1985 4.00- 1995 -4.00- Figure 6(a), (b) & (c) (b) 1915 (929 1942 ·1960 Year Sist y 1385 1005 2.00- 0.00- 2.00- -4.00- (c) Ho 1915 1925 1938 ·1245 A9985 Year 1205 A 1975 A ·$353 easy Is the suicide rate stationary over the period? Identify the order of differencing d required to obtain stationarity in mean and in variance. Explain your answer.Table 7 shows the seasonal factors for a monthly time series: Table 7 Month Seasonal Month Factor January -358.1 May February -196.3 June March 12.5 July April 187.4 August Describe the seasonal variation in this time series. Seasonal Factor 487.2 276.1 -27.9 -124.6 Month September October November December Seasonal Factor -136.7 92.6 70.4 -282.6Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations. Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Manatee Bay Health CenterHospital Bed Count and Inpatient Service Days Time Period Bed Count Inpatient Service Days January 1 – May 31 200…
- Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100.Real wage is a wage deflated by the current consumer price index.It gives information on how much current wage compares to the wage of given baseyear period. Real wage is obtained by dividing the nominal wage by the currentConsumer Price Index (CPI) of a given month multiplied by 100.Consider the following table that gives the population of City A from Year 1 to Year 6. Complete all parts (a-k) to this question. Part 1: Fill-in the last two columns in the table. List your answers as a - j for the chart and answer the question k below. Round growth rate to the nearest ten-thousandth (4 decimal places). Population of City A, Year 1 to year 6 Year Population (P) Change ΔP{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><mo>∆</mo><mi>P</mi></math>"} Growth Rate ΔPP{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><mfrac><mrow><mo>∆</mo><mi>P</mi></mrow><mi>P</mi></mfrac></math>"} 1 315,422 N/A N/A 2 320,421 a. b. 3 321,765 c. d. 4 322,162 e. f. 5 331,165 g. h. 6 331,200 i. j. Part 2: k. Does it make sense to fit this data with an exponential model? Why or why…
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