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Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
17th Edition
ISBN: 9781260149623
Author: Lind
Publisher: MCG
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Chapter 17, Problem 24CE
To determine
Develop a simple index for the revenue of GE using the average of 2004–2006 as the base period.
Write the conclusion about the change in revenue over the period.
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Students have asked these similar questions
The file P02_26.xlsx lists sales (in millions of dollars) of Dell Computer during the period 1987–1997 (where year 1 corresponds to 1987).
Year
Sales
1
69
2
159
3
258
4
389
5
546
6
890
7
2014
8
2873
9
3475
10
5296
11
7759
a. Fit a power and an exponential trend curve to these data. Which fits the data better?
b. Use your part a answer to predict 1999 sales for Dell.
c. Use your part a answer to describe how the sales of Dell have grown from year to year.
The Following are the Index Numbers of prices (2002 = 100)
%3D
Year
Index
Year
Index
2002
100
2007
410
2003
110
2008
400
2004
120
2009
380
2005
200
2010
370
2006
400
2011
340
Shift the base from 2002 – 2008 and recast the Index Numbers.
Q1. The table provided gives data on indexes of output per hour (X) and real compensation per hour (Y) for the business and nonfarm business sectors of the U.S. economy for 1960–2005. The base year of the indexes is 1992 = 100 and the indexes are seasonally adjusted.
a. Plot Y against X for the two sectors separately.
b. What is the economic theory behind the relationship between the two variables? Does the scattergram support the theory?
c. Estimate the OLS regression of Y on X.
Note: on the table ( 1. Output refers to real gross domestic product in the sector. 2. Wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. 3. Hourly compensation divided by the consumer price index for all urban consumers for recent quarters.)
Thank you!
Chapter 17 Solutions
Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
Ch. 17 - Prob. 1.1SRCh. 17 - Prob. 1.2SRCh. 17 - Prob. 1ECh. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 2SRCh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7E
Ch. 17 - Prob. 8ECh. 17 - Prob. 3SRCh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 4SRCh. 17 - Prob. 11ECh. 17 - Prob. 5SRCh. 17 - Prob. 6SRCh. 17 - Prob. 7SRCh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - Prob. 17CECh. 17 - Prob. 18CECh. 17 - Prob. 19CECh. 17 - Prob. 20CECh. 17 - Prob. 21CECh. 17 - Prob. 22CECh. 17 - Prob. 23CECh. 17 - Prob. 24CECh. 17 - Prob. 25CECh. 17 - Prob. 26CECh. 17 - Prob. 27CECh. 17 - Prob. 28CECh. 17 - Prob. 29CECh. 17 - Prob. 30CECh. 17 - Prob. 31CECh. 17 - Prob. 32CECh. 17 - Prob. 33CECh. 17 - Prob. 34CECh. 17 - Prob. 35CECh. 17 - Prob. 36CECh. 17 - Prob. 37CECh. 17 - Prob. 38CECh. 17 - Prob. 39CECh. 17 - Prob. 40CECh. 17 - Prob. 41CECh. 17 - Prob. 42CECh. 17 - Prob. 43CECh. 17 - Prob. 44CECh. 17 - Prob. 45CECh. 17 - Prob. 46CECh. 17 - Prob. 47CECh. 17 - Prob. 48CECh. 17 - Prob. 49CECh. 17 - Prob. 50CECh. 17 - Prob. 51CECh. 17 - Prob. 52CECh. 17 - Prob. 53CECh. 17 - Prob. 54CECh. 17 - Prob. 55CE
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