The following table lists a portion of the percentage (share) of total shipment of music that falls
Question:
The following table lists a portion of the percentage (share) of total shipment of music that falls in the category of country and rap/hiphop rock music from 1990-2008.
Year..................... Country (in %)................ Rap/Hip-hop (in %)
1990.................................. 9.6..................................... 8.5
1991.................................. 12.8...................................10.0
⋮.......................................... ⋮....................................... ⋮
2008.................................. 11.9...................................10.7
a. Plot each of the above series and comment on the respective trend.
b. Estimate a linear, a quadratic, and a cubic trend model for the share of country music in the United States. Use adjusted R2 to choose the preferred model and with this model make a forecast for 2009.
c. Estimate a linear, a quadratic, and a cubic trend model for the share of rap/hip-hop music in the United States. Use adjusted R2 to choose thepreferred model and with this model make a forecast for 2009.
Step by Step Answer:
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly