Question
Consider the following monthly revenue data for an up-and-coming cyber security company. Sales Data Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 1
Consider the following monthly revenue data for an up-and-coming cyber security company.
| Month | Revenue (Thousands of Dollars) | Month | Revenue (Thousands of Dollars) |
|---|---|---|---|
| 1 |
| 326 |
| 8 |
| 705 |
| 2 |
| 552 |
| 9 |
| 787 |
| 3 |
| 535 |
| 10 |
| 816 |
| 4 |
| 571 |
| 11 |
| 827 |
| 5 |
| 636 |
| 12 |
| 846 |
| 6 |
| 685 |
| 13 |
| 858 |
| 7 |
| 700 |
The summary output from a regression analysis of the data is also provided.
| Multiple R | 0.950622806 |
|---|
| R Square | 0.903683719 |
|---|
| Adjusted R Square | 0.894927694 |
|---|
| Standard Error | 50.25041687 |
|---|
| Observations | 13 |
|---|
| Regression | 1 |
|---|
| 260,608.620879 |
| 260,608.620879 |
| 103.20706793 |
| Residual | 11 |
|---|
| 27,776.148352 |
| 2525.104396 |
| Total | 12 |
|---|
| 288,384.769231 |
| Stat | P-value |
|---|---|
| Intercept | 415.42307692 |
| 29.56475264 |
| 14.05129554 |
| 2.26252E-08 |
| Month | 37.84065934 |
|---|
| 3.724808717 |
| 10.159087948 |
| 6.31286E-07 |
Step 2 of 3 :
Using the model from the previous step, predict the companys revenue for the 14th month. Round to four decimal places, if necessary.
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Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner
Authors: Greg Middleton
1st Edition
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