Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show
Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show the enrollment for a certain community college for the nine most recent years. Year Period (e) Enrollment (1,000s) 2001 1 6.7 2002 2 8.3 2003 3 8.2 2004 4 10.4 2005 5 12.3 2006 6 13.11 2007 7 13.5 2038 B 17.0 2009 9 17.9 (a) Construct a time series plot. What type of pattern exists in the data? O The time series plot shows a seasonal pattern. O The time series plot shows a nonlinear trend. The time series plot shows a horizontal pattern. O The time series plot shows a linear trend. (b) Use simple linear regression analysis to find the parameters for the line that minimizes HSE for this time series. (Round your answers to two decimal places.) (d) What is the forecast for year 10 (in 1,000s)? (Round your answer to one decimal place) thousand students
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started