The rise in the popularity of mobile phones and the fall in their prices has led the

Question:

The rise in the popularity of mobile phones and the fall in their prices has led the number of fixed-line telephone subscriptions to fall. The file Scandinavia contains the mobile phone and fixed telephone subscriptions per 100 inhabitants for Sweden from 2000 to 2016:

YearMobile phone sub- scriptions per 100 inhabitantsFixed tele- phone sub- scriptions per 100 inhabitantsYearMobile phone sub- scriptions per 100 inhabitantsFixed tele- phone sub- scriptions per 100 inhabitants
200071.7568.192009112.1055.19
200180.6766.922010117.0650.42
YearMobile phone sub- scriptions per 100 inhabitantsFixed tele- phone sub- scriptions per 100 inhabitantsYearMobile phone sub- scriptions per 100 inhabitantsFixed tele- phone sub- scriptions per 100 inhabitants
200289.1165.572011121.0147.35
200398.3264.572012124.1943.70
200497.7163.272013124.9540.86
2005100.7262.342014127.0739.00
2006105.6160.982015129.4536.41
2007110.4160.022016127.5031.56
2008108.4157.79


a. Plot the data.

b. Compute a linear trend forecasting equation and plot the trend line.

c. Compute a quadratic trend forecasting equation and plot the trend line.

d. Compute an exponential trend forecasting equation and plot the trend line.

e. Which model is the most appropriate?

f. Using the most appropriate model, forecast the mobile phone subscriptions per 100 inhabitants for Sweden for 2018.

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