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 29.3 2011 37.9 2012 4 50.2 2013 59.9 2014 66.7 (a) Construct a time series plot. 80 70 60 50 50 40 30 20 10 10 10 10 3. 7. 3 4 1 3. 2. 3. 1 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.) 7, = 12.640 + 9131 (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.) s9.131v billion (4) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) s 75.75 x billion

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 29.3 2011 37.9 2012 4 50.2 2013 59.9 2014 66.7 (a) Construct a time series plot. 80 70 60 50 50 40 30 20 10 10 10 10 3. 7. 3 4 1 3. 2. 3. 1 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.) 7, = 12.640 + 9131 (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.) s9.131v billion (4) Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.) s 75.75 x billion

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....

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