Question
The numbers of employees, in thousands, of Keller Overhead Door Inc. for the years 2012 to 2020 are as follows: Year Employees (thousands) 2012 46.3
The numbers of employees, in thousands, of Keller Overhead Door Inc. for the years 2012 to 2020 are as follows:
Year | Employees (thousands) |
2012 | 46.3 |
2013 | 42.0 |
2014 | 41.8 |
2015 | 39.4 |
2016 | 34.9 |
2017 | 29.6 |
2018 | 30.8 |
2019 | 29.6 |
2020 | 32.0 |
b. Based on the table, describe the time series pattern?
c. Use the trend equation to calculate the points for 2014 and 2017. (Do not round intermediate calculations, and round Employees to 1 decimal and Trend Forecast to 2 decimal places.)
d. Estimate the number of employees for the next two years. (Do not round intermediate calculations, and round final answers to the nearest whole number.)
e. By how much has the number of employees decreased per year, on average, during the period? (Round the final answer in thousands to 3 decimal places.)
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