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Here is the Etsy annual profit in millions of dollars for the years 2 0 1 2 - 2 0 2 2 . I've scaled
Here is the Etsy annual profit in millions of dollars for the years I've scaled the years to be years since
tableYearNet Income $mm
A Create a scatterplot for the data in Excel or Googlesheets.
B Determine the cubic model for the data. State the equation and the value. is a statistical measure on how well the equation fits the data. The closer the value is to the better the fit. Anything over is typically a 'good' fit.
C Now determine a new model if you exclude the year
C Now determine a new model if you exclude the year
Use your model from part to determine the Marginal Profit in
E Use your model from part to determine the inflection point for the Profit.
Here is Etsy's annual Revenue from in billions of dollars. Again, I've scaled the years.
tableYearsRevenue $
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