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:
Year | Mobile phone sub- scriptions per 100 inhabitants | Fixed tele- phone sub- scriptions per 100 inhabitants | Year | Mobile phone sub- scriptions per 100 inhabitants | Fixed tele- phone sub- scriptions per 100 inhabitants |
---|---|---|---|---|---|
2000 | 71.75 | 68.19 | 2009 | 112.10 | 55.19 |
2001 | 80.67 | 66.92 | 2010 | 117.06 | 50.42 |
Year | Mobile phone sub- scriptions per 100 inhabitants | Fixed tele- phone sub- scriptions per 100 inhabitants | Year | Mobile phone sub- scriptions per 100 inhabitants | Fixed tele- phone sub- scriptions per 100 inhabitants |
---|---|---|---|---|---|
2002 | 89.11 | 65.57 | 2011 | 121.01 | 47.35 |
2003 | 98.32 | 64.57 | 2012 | 124.19 | 43.70 |
2004 | 97.71 | 63.27 | 2013 | 124.95 | 40.86 |
2005 | 100.72 | 62.34 | 2014 | 127.07 | 39.00 |
2006 | 105.61 | 60.98 | 2015 | 129.45 | 36.41 |
2007 | 110.41 | 60.02 | 2016 | 127.50 | 31.56 |
2008 | 108.41 | 57.79 |
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.
Step by Step Answer:
Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
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