The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010)

Question:

The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010) on net sales (in billions of dollars) is

a. Interpret the Y intercept, b0.
b. Interpret the slope, b1.
c. What is the fitted trend value for the tenth year?
d. What is the fitted trend value for the most recent year?
e. What is the projected trend forecast two years after the last value?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

See More Books

Question Posted: Mar 29, 2016 07:08 AM

See More Questions

The data in CPI-U reflect the annual values of the consumer price index (CPI) in the United States over the 50-year period 1965 through 2014, using 1982 through 1984 as the base period. This index...
The data in CPI-U reflect the annual values of the consumer price index (CPI) in the United States over the 52-year period 1965 through 2016, using 1982 through 1986 as the base period. This index...
The data shown in the following table (and stored in Solar Power) represent the yearly amount of solar power installed (in megawatts) in the United States from 2000 through 2008: Year Amount of Solar...
Consider the market for milk. Draw a supply curve and a demand curve (is the demand curve elastic on inelastic). Label the equilibrium price and quantity. Suppose that the production of milk causes...
Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 11 percent, and that the maximum...
Carbon tetrachloride, CCl 4 , and chloroform, CHCl 3 , are common organic liquids. Carbon tetrachlorides normal boiling point is 77C; chloroforms normal boiling point is 61C. Which statement is the...
27. What must a shareholder do to waive the family attribution rules in a complete redemption of stock?
The manufacturer in Problem 2-24 now has a standing order of 24 model A motors for each production period. Resolve Problem 2-24 to include this additional constraint. In problem 2-24 A small motor...
Aloha Inc. has 7 percent coupon bonds on the market that have 12 years left to maturity. If the YTM on these bonds is 9.1 percent, what is the current bond price?
Pavement Corp. ("Pavernent) nas been operating sinoe 1398. Ht is now Docember 31, 2004, and Pavement is about to prepare consolidated finendial etetements for Favement and ts subeidiary. Sigur. Co...
The linear trend forecasting equation for an annual time series containing 22 values (from 1989 to 2010) on total revenues (in millions of dollars) is a. Interpret the Y intercept, b. Interpret the...
Bed Bath & Beyond is a nationwide chain of retail stores that sell a wide assortment of merchandise, including domestics merchandise and home furnishings, as well as food, giftware, and health and...
Outline the advantages and disadvantages to a firm in the information sector from adopting such a growth strategy based on the formation of strategic alliances.
The force vector F has a magnitude of F = 385 lb and acts at point A at an angle 0 = 17 with respect to vertical as shown. The force F is balanced by the tension forces parallel to the two rods AC...
D1 Justify the use of a specific moulding technique for the manufacture of a given product
the igniter is made of a wire with paper tape holding it . In the head of the igniter is a very thin wire surrounded by pyrotechnic material. Pressing the second switch allows more current to flow...
Problem - Process Costing Atticus Electronics produces travel batter pack chargers. The company uses a process costing system. The following information pertains to operations for November Percentage...
B . what is the wavespeed? C . What is the frequency? D . What is the wave number? E . At t = 0 . 4 9 s , what is the diplacement of the string at x = 5 . 2 m ?
How can you improve throughput for the process in part (b) of problem 35? Assume that all 17 workers have the ability to perform the work at each stage but that no additional workers may be hired.
A sprinkler head malfunctions at midfield in an NFL football field. The puddle of water forms a circular pattern around the sprinkler head with a radius in yards that grows as a function of time, in...
Recall the drugstore survey mentioned at the beginning of the chapter. Sort the data on incomes into two groups, male and female customers. Use appropriate graphs to compare the incomes, and comment.
What type of graph would be appropriate to display each of the data sets described in Exercise 1? In exercise a. A random sample of adult Moncton residents is surveyed, and data recorded about...
Create an appropriate graph to compare speed of service ratings for male and female customers in the drugstore survey data. Does it appear that males and females rate speed of service differently?
Jennifer purchased a home for $1,000,000 in 2016. She paid $200,000 cash and borrowed the remaining $800,000. This is Jennifer's only residence. Assume that in year 2024, when the home had...
business plan describing company with strengths and weaknesses. Any gaps in plan. Recommendations for improvement of the plan.
You wish to buy a car today for $35,000. You plan to put 10% down and finance the rest at 5.20% p.a. for six years. You will make equal monthly payments of $_______.

The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010)

Question:

, = 1.2 + 0.5x

Step by Step Answer:

a The Y intercept b 0 12 is the fitted trend value reflecting the rea...View the full answer

Basic Business Statistics Concepts And Applications

Students also viewed these Statistics questions