A certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by approximately $10 million over the pastincreased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.YearRevenue18.6310.8413.08414.2116.216.17.317.18.3718.55918.401018.53(a) Construct a time series plot.2020202018181816-14-1616141412-10-101088-644-422-2-145710 112467810 11123478910 11134678910 11YearYearYearYear(iComment on the appropriateness of a linear trend.O The time series plot shows that neither a linear nor a curvilinear trend is appropriate.O The time series plot shows that a curvilinear trend may be more appropriate.O The time series plot shows that a linear trend is most appropriate.Revenue ($ millions)Revenue ($ millions) (b) Using statistical software, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.)(c) Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11. (Round your answer to two decimal places.)million

a) Excel Procedure: Enter year and Revenue in Excel sheet>Select year and revenue>Insert…

Answered: A certain company produces and sells…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 25EQ

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