Question
Develop a quadratic trend equation that can be used to forecast revenue (to 4 decimals). tt=bo + b1t +b2t2 bo: b1: b2: Using the trend
Develop a quadratic trend equation that can be used to forecast revenue (to 4 decimals).
tt=bo + b1t +b2t2
bo:
b1:
b2:
Using the trend equation developed in part (b), forecast revenue in year 11 (to 2 decimals).
| Year | Year2 | Revenue ($ millions) | Formula | |
| 1 | 8.97 | #N/A | ||
| 2 | 10.80 | #N/A | ||
| 3 | 13.15 | #N/A | ||
| 4 | 14.59 | #N/A | ||
| 5 | 15.92 | #N/A | ||
| 6 | 17.62 | #N/A | ||
| 7 | 17.92 | #N/A | ||
| 8 | 18.40 | #N/A | ||
| 9 | 18.60 | #N/A | ||
| 10 | 18.49 | #N/A | ||
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
