Statistics for Business and Economics
Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Chapter 1, Problem 71E
To determine

Draw the time series plot.

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Describe A time-ordered sequence of observations taken at regular intervals.
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the logistic equation y=9200/(1+8.03x^-0.121t) models the gross domestic product (GDP) of the united states from 1970 through 1992, where t is the number of years after 1970 and y is in billions of dollars. at what value of t is the growth in GDP increasing most rapidly in what year?
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