Question
Consider the following monthly revenue data for an up-and-comingtechnology company. Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 11 325325 99 797797 22
Consider the following monthly revenue data for an up-and-comingtechnology company.
Month | Revenue (Thousands of Dollars) | Month | Revenue (Thousands of Dollars) |
---|---|---|---|
11 | 325325 | 99 | 797797 |
22 | 547547 | 1010 | 819819 |
33 | 539539 | 1111 | 831831 |
44 | 580580 | 1212 | 848848 |
55 | 640640 | 1313 | 860860 |
66 | 699699 | 1414 | 863863 |
77 | 697697 | 1515 | 859859 |
88 | 708708 |
The summary output from a regression analysis of the data is also provided.
Multiple R | 0.9354095720.935409572 |
---|---|
R Square | 0.8749910670.874991067 |
Adjusted R Square | 0.8653749950.865374995 |
Standard Error | 57.7879539357.78795393 |
Observations | 1515 |
dfdf | SSSS | MSMS | FF | |
---|---|---|---|---|
Regression | 11 | 303,864.914286303,864.914286 | 303,864.914286303,864.914286 | 90.9925679290.99256792 |
Residual | 1313 | 43,412.81904843,412.819048 | 3339.4476193339.447619 | |
Total | 1414 | 347,277.733333347,277.733333 |
Coefficients | Standard Error | tt Stat | P-value | |
---|---|---|---|---|
Intercept | 443.92380952443.92380952 | 31.3995565931.39955659 | 14.1379005914.13790059 | 2.85887E-092.85887E-09 |
Month | 32.9428571432.94285714 | 3.453490793.45349079 | 9.5390024599.539002459 | 3.10231E-073.10231E-07 |
Step3of3:
What percent of the variation in revenue is explained by the linear time trend model? Round to two decimal places, if necessary.
Answer: %
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