Question
Data below all need in Excel work ,with excel formula Year Bonus($000) 2000 100.5 2001 74.1 2002 60.9 2003 99.9 2004 113.5 2005 149.8 2006
Data below all need in Excel work ,with excel formula
Year | Bonus($000) |
2000 | 100.5 |
2001 | 74.1 |
2002 | 60.9 |
2003 | 99.9 |
2004 | 113.5 |
2005 | 149.8 |
2006 | 191.4 |
2007 | 177.8 |
2008 | 100.9 |
2009 | 140.6 |
2010 | 139.0 |
2011 | 111.4 |
2012 | 142.9 |
2013 | 169.8 |
2014 | 160.3 |
2015 | 136.8 |
2016 | 156.8 |
2017 | 184.4 |
2018 | 153.7 |
There has been much publicity about bonuses paid to workers on Wall Street. Just how large are these bonuses? The file Bonuses-Updated contains the bonuses paid (in $000) from 2010 to 2018. Hint: Use Coded Year as your independent variable (X), where X is relative to 2000. So, 2000 = 0, 2001 = 1, ... , 2010 = 10, 2018 = 18, etc
a. Plot the data.
b. Compute a linear trend forecasting equation and plot the results.
c. Compute a quadratic trend forecasting equation and plot the results.
d. Compute an exponential trend forecasting equation using base 10 logs and plot the results.
e. Using the forecasting equations in b through d, what are your annual forecasts of the bonuses for 2019 and 2020? You should have a total of six forecasts here.
f. Which of the models above do you think you should use? Why?
g. Plot your actual and predicted bonuses (on the same graph) using your model selected in part f above. This requires that you have the predicted bonuses for each year
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