Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following question comes from Forecasting: Principles and Practice 3d Edition : Chapter 7.10 Exc2 (Choose 1 men's event) Data setolympic_runningcontains the winning times (in

The following question comes from Forecasting: Principles and Practice 3d Edition : Chapter 7.10 Exc2 (Choose 1 men's event)

Data setolympic_runningcontains the winning times (in seconds) in each Olympic Games sprint, middle-distance and long-distance track events from 1896 to 2016.

  1. Plot the winning time against the year for each event. Describe the main features of the plot.
  2. Fit a regression line to the data for each event. Obviously the winning times have been decreasing, but at whataveragerate per year?
  3. Plot the residuals against the year. What does this indicate about the suitability of the fitted lines?
  4. Predict the winning time for each race in the 2020 Olympics. Give a prediction interval for your forecasts. What assumptions have you made in these calculations?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: Michael Sullivan, Kathleen Miranda

2nd Edition

ISBN: 1319067484, 9781319067489

More Books

Students also viewed these Mathematics questions

Question

What secondary research sources are available to planners?

Answered: 1 week ago