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Despite the growth in digital entertainment, the nation's 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table. Year Visitors 2000 312 2001 315 T I 2007 345 SOURCE: International Association of Amusement Parks and Attractions. picture Click here for the Excel Data File b-1. Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.) Variable Linear Trend Exponential Trend Intercept t Standard Error B2 1 2 3 4 5 6 File 7 8 9 10 11 12 13 14 15 16 17 10 Home ✓10 A Year 2000 2001 2002 2003 2004 2005 2006 2007 Insert Draw B Av A ✓X ✓ fx B Visitors 312 315 364 370 332 314 355 345 C Page Lay D

Despite the growth in digital entertainment, the nation's 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table. Year Visitors 2000 312 2001 315 T I 2007 345 SOURCE: International Association of Amusement Parks and Attractions. picture Click here for the Excel Data File b-1. Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.) Variable Linear Trend Exponential Trend Intercept t Standard Error B2 1 2 3 4 5 6 File 7 8 9 10 11 12 13 14 15 16 17 10 Home ✓10 A Year 2000 2001 2002 2003 2004 2005 2006 2007 Insert Draw B Av A ✓X ✓ fx B Visitors 312 315 364 370 332 314 355 345 C Page Lay D

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 2CYU
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b-2. Calculate the MSE for both trends. (Do not round estimates ot intermediate calculations. Round final answers to 2 decimal places.) Linear Trend Exponential Trend MSE 0.00 437.80 b-3. By comparing MSE, which of the above methods perform better? O Linear trend Exponential trend c-1. Using the model of best fit, make a forecast for visitors to amusement parks in 2008. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) 351.5 million visitors c-2. Using the model of best fit, make a forecast for visitors to amusement parks in 2009. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) million visitors
Transcribed Image Text:b-2. Calculate the MSE for both trends. (Do not round estimates ot intermediate calculations. Round final answers to 2 decimal places.) Linear Trend Exponential Trend MSE 0.00 437.80 b-3. By comparing MSE, which of the above methods perform better? O Linear trend Exponential trend c-1. Using the model of best fit, make a forecast for visitors to amusement parks in 2008. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) 351.5 million visitors c-2. Using the model of best fit, make a forecast for visitors to amusement parks in 2009. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) million visitors
File Home Insert Draw Page Layout Despite the growth in digital entertainment, the nation's 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table. 10 v ... v X v fx B2 Year Visitors A B D 2000 312 1 Year Visitors 2001 315 2 2000 312 2007 345 3 2001 315 4 2002 364 SOURCE: International Association of Amusement Parks and Attractions. 5 2003 370 6. 2004 332 7 2005 314 picture Click here for the Excel Data File 8 2006 355 9 2007 345 b-1. Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.) 10 11 12 Variable Linear Trend Exponential Trend 13 Intercept 14 15 Standard Error 16 17 18
Transcribed Image Text:File Home Insert Draw Page Layout Despite the growth in digital entertainment, the nation's 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table. 10 v ... v X v fx B2 Year Visitors A B D 2000 312 1 Year Visitors 2001 315 2 2000 312 2007 345 3 2001 315 4 2002 364 SOURCE: International Association of Amusement Parks and Attractions. 5 2003 370 6. 2004 332 7 2005 314 picture Click here for the Excel Data File 8 2006 355 9 2007 345 b-1. Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.) 10 11 12 Variable Linear Trend Exponential Trend 13 Intercept 14 15 Standard Error 16 17 18
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