The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Period (t) Revenue ($ billions) 2009 1 23.6 2010 29.3 2011 3 37.9 2012 4 50.2 2013 59.9 2014 66.7 VUND (a) Construct a time series plot. 80 80 80 80 70 70 70 70 60 60 50 60 60 50 50 40 30 40 40 40 30 30 30 20 20 20 10 10 10 10 1 2 3 4 6 1 3 1 3. 1 3 4 Period Period Period Period What type of pattern exists in the data? O The time series plot shows a downward linear trend. O The time series plot shows an upward linear trend. O The time series plot shows an upward curvilinear trend. O The time series plot shows a downward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) (e) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) billion

The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Period (t) Revenue ($ billions) 2009 1 23.6 2010 29.3 2011 3 37.9 2012 4 50.2 2013 59.9 2014 66.7 VUND (a) Construct a time series plot. 80 80 80 80 70 70 70 70 60 60 50 60 60 50 50 40 30 40 40 40 30 30 30 20 20 20 10 10 10 10 1 2 3 4 6 1 3 1 3. 1 3 4 Period Period Period Period What type of pattern exists in the data? O The time series plot shows a downward linear trend. O The time series plot shows an upward linear trend. O The time series plot shows an upward curvilinear trend. O The time series plot shows a downward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) (e) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) billion (d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) billion

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Suppose a man invested $350 at the end of 1900 in each of three funds that tracked the averages of…

Q: Analyse the time series of the following supermarket sales data and present the results in graphical…

A: Given Information: Consider the given data: Week 1 Week 2 Week 3 Week 4 Monday 22 22 24 26…

Q: A customer comment phone line is staffed from 8:00 a.m. to 4:30 p.m. five days a week. Records are…

A: a) From the given information, Therefore, Number of calls(y) x1 x2 x3 x4 t 29 1 0 0 0 1 13 0…

Q: The accompanying data represent health care expenditures per capita (per person) as a percentage of…

A: Given data: Year Health care per capita Health care as a percentage of GDP 2007 7627 5.5 2008…

Q: The following graph shows data regarding the population of a town in thousands. At what rate was the…

A: Since given line passes through points (1965, 140) and (1995, 80). Finding the slope of the given…

Q: A retailer is looking at the number of on-line orders for one particular product. Over the last 8…

A: The forecast of the data is .

Q: What characteristics would you expect from a time series that describes the number of vehicles…

A: Times series: A set of observations on the values that a variable takes at different times.

Q: The following table shows the daily receipts in millions of dollars of the movie "Avatar" for…

A: Given that The following table shows the daily receipts in millions of dollars for the movie…

Q: For each value below, enter the number correct to four decimal places. Suppose an arrow is shot…

Q: Average prices (in euros) and sales volumes of product group A, B and C are below. There are two…

A: Given three ( A,B,C ) products Amount and corresponding prices for 1st year and 2nd year is given…

Q: Compute the one-step-ahead 3-month and 6-month moving-average forecasts for July through December.…

A: Given information: The data presents the sample for the months January through December.

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: Let p0 be the base year(2000) prices and p1 be the current year prices(2009) The price relative is…

Q: The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014.…

Q: Has 60 pieces of time series data as follows: 1 - 10 11-20 21-30 31-40 41-50 51-60 102 99 101 97 102…

A: From the given information, the 60 pieces of time series data is displayed below. t yt 1 102…

Q: A customer comment phone line is staffed from 8:00 a.m. to 4:30 p.m. five days a week. Records are…

A: a) From the given information, x1=1 if Monday0 otherx2=1 if Tuesday0 otherx3=1 if Wednesday0…

Q: The number of Facebook users for each year from 2004 to 2016 can be found in the table below.Round…

Q: Companies are devoting time and energy to promote recycling. A major recycling company found some…

Q: The folloiwing table shows data for U.S. movie theater admissions (per week). Display the data as a…

Q: Table 1 shows the monthly sales of tires over the last 5 years. Graphically analyze the time series…

A: Given the monthly sales of tires over the last 5…

Q: Suppose that you work for the conservation of natural areas at the Bureau of Land Management. Your…

A: The coefficient of determination, often denoted as R2, is a statistical measure that shows the…

Q: Interpret the time plot. What are the components you can observe in the time series plot? Is the…

A: Given The time-series plot is as follows:

Q: Use quantitativeforecast methods for the data shown below Period Observation 1 24 2 34 3 36…

A: Using excel, select the table, Then go to Insert> Scatter as given below, The time series plot:…

Q: The quarterly sales of a company (in millions of dollars) over the past three years are given in the…

A: 200720082009Quarter 1142830Quarter 2201618Quarter 3364038Quarter 4101412Sum of yearly…

Q: Consider the following time series data for the real consumption of households and government, at…

A: We are given a time series data for the real consumption of household and government, at current…

Q: Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base…

A: An index number is the measure of change in a variable over time. Index numbers are one of the most…

Q: The elevation of a lake surface (feet above sea level) varies according to the annual flow of a…

A: Given: Time Period Elevation 1 4817 2 4819 3 4824 4 4822 5 4826 6 4831 7 4836 8…

Q: Generally, what is plotted on the x-axis and y-axis on a timeplot?

A: In a time graph, also known as a time series graph, the x-axis usually represents time and the y-…

Q: The number of tourists who visit a coastal town is shown in the graph below. Number of tourists 16…

A: The given time series data for the visited number of tourists is:

Q: calculate the geometric mean of the annual hpr and hpy

A: Given the data…

Q: The president of small manufacturing firm is concerned about the continual increase in manufacturing…

A: 1. Software procedure: Step-by-step software procedure to draw the time series plot using EXCEL:…

Q: year Income ($) m P 1994 6036 85.1 20.4 1995 6113 87.8 20.2 1996 6271 88.9 21.3 1997 6378 94.5 19.9…

A: The question is about regression analysis.The given data is,YearIncome…

Question

The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014.
Year Period (t)
Revenue ($ billions)
2009
23.6
2010
2
29.3
2011
3
37.9
2012
4
50.2
2013
5
59.9
2014
6
66.7
(a) Construct a time series plot.
80
80 1
80
80
70
70
70-
70-
60
60
60
60
50
50
50
50-
40
40-
40-
40
-
30
30
30
30
20
20
20
20
10
10-
10
10
0-
1
2
3
4
5
1
3
4
1
3
4
5
7
1
4
5
6.
7
Period
Period
Period
Period
What type of pattern exists in the data?
O The time series plot shows a downward linear trend.
O The time series plot shows an upward linear trend.
O The time series plot shows an upward curvilinear trend.
O The time series plot shows a downward curvilinear trend.
(b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.)
T: =
(c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.)
billion
(d) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)
24
billion
Revenue ($ billions)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Trending now

This is a popular solution!

Step by step

Solved in 6 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Transcendental Expression$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Changes in the earth's rotation are exceedingly small. However, a very long-term trend could be important. (Reference: Journal of Astronomy, Vol. 57, pp. 125-146.) Let I represent an increase and D a decrease in the rate of the earth's rotation. The following sequence represents historical increases and decreases measured every consecutive fifth year. D D D D D D I I D D D D D I I I I I I I I I I D I I I I I Test the sequence for randomness. Use ? = 0.05. (a) What is the level of significance? (b) Find the sample test statistic R, the number of runs. (c) Find the upper and lower critical values in the Critical Values for Number of Runs R table.
b. Use a = 0.2 to compute the exponential smoothing forecasts for the time series (to 2 decimals). Time-Series Value Month Forecast 1 110 2 130 120 4 110 5 95 6. 125 7 140 8 140 9 105 10 80 11 100 12 110 13
help
Q. 14 Explain the Graphic method of trend estimation in a time series and give its merits and demerits.
The following table shows the daily receipts in millions of dollars of the movie "Avatar" for successive Fridays after its opening on Friday 18 December 2009.Estimate the instantaneous rate of change of daily receipts 20 weeks after the opening day. Round to four decimal places.
An annual marathon covers a route that has a distance of approximately 26 miles. Winning times for this marathon are all over 2 hours. The following data are the minutes over 2 hours for the winning male runners over two periods of 20 years each. Earlier Period 7 20 17 22 17 12 15 18 16 13 13 23 19 10 7 10 12 14 16 23 Recent Period 8. 9 8 7 7 7 9. 8 9. 8 7 9. 8. 14 9. 10 10 14 11 (a) Make a stem-and-leaf display for the minutes over 2 hours of the winning times for the earlier period. Use two lines per stem. (Use the tens digit as the stem and the ones digit as the leaf. Enter NONE in any unused answer blanks. For more details, view How to Split a Stem.) Minutes Beyond 2 Hours Earlier Period (b) Make a stem-and-leaf display for the minutes over 2 hours of the winning times for the recent period. Use two lines per stem. (Use the tens digit as the stem and the ones digit as the leaf. Enter NONE in any unused answer blanks.) Minutes Beyond 2 Hours Recent Period (c) Compare the two…
Based on the following graph, what is the year when the largest decrease in GDP took place ? GDP (change YoY) 6% 5% 4% 4% 3% 3% 3% 3% 2% 2% 1% -1% -1% -8% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010o 2011 2012 2013 2009 2001 2005 2007