A statistical program is recommended.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 $10 million over the past 10 years. Butincreased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.YearRevenue18.5310.74312.98414.1116.21617.2118.3718.5518.401018.33(a) Construct a time series plot.2020202018181818-16161616-14141414121212101010-8-8.2-2216789 10 1113456789 10 11123 45678910 112358910 11YearYearYearYearComment on the appropriateness of a linear trend.O The time series plot shows that a linear trend is most appropriate.O The time series plot shows that a curvilinear trend may be more appropriate.O The time series plot shows that neither a linear nor a curvilinear trend is appropriate.Revenue ($ millions)Revenue ($ millions) 2020201818-18-161616-16-14-1212-101086.442.2123456910 111234567910 1112345678910 113467810 11YearYearYearYearComment on the appropriateness of a linear trend.O The time series plot shows that a linear trend is most appropriate.O The time series plot shows that a curvilinear trend may be more appropriate.O The time series plot shows that neither a linear nor a curvilinear trend is appropriate.(b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.)T =(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.)$millionRevenue ($ millions)Revenue ($ millions)Revenue ($ millions)Revenue ($ millions)

Given Data: Year Revenue 1 8.53 2 10.74 3 12.98 4 14.11…

Answered: A statistical program is recommended. A…

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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There is some evidence that, in the years 1981— 85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v.6 pp. 320— 35, 1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.76%, with a standard deviation of 0.12%. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a)According to Chebyshev's theorem,…
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