What type of pattern exists? The time series plot shows a cyclical pattern. The time series plot shows a downward trend. The time series plot shows a horizontal pattern. The time series plot shows an upward trend. (b) Develop a linear and a quadratic trend for this time series. (Round your numerical values to four decimal pla

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What type of pattern exists?
The time series plot shows a cyclical pattern.
The time series plot shows a downward trend.
The time series plot shows a horizontal pattern.
O The time series plot shows an upward trend.
(b) Develop a linear and a quadratic trend for this time series. (Round your numerical values to four decimal places.)
linear
TE
quadratic
TE
=
=
Transcribed Image Text:What type of pattern exists? The time series plot shows a cyclical pattern. The time series plot shows a downward trend. The time series plot shows a horizontal pattern. O The time series plot shows an upward trend. (b) Develop a linear and a quadratic trend for this time series. (Round your numerical values to four decimal places.) linear TE quadratic TE = =
Suppose the following data show the price in dollars for a general admission ticket to a certain theme park from the year 2000 (period 1) to 2017 (period 18).
Price of
Admission
($)
Year Period
Price of Admission ($)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
80
60
40
20
0-
1
0
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
$43.00
5
$45.00
$47.00
$49.00
$51.75
$56.75
$64.00
$68.00
$72.00
$76.00
$79.00
$82.00
$86.00
$92.00
(a) Construct a time-series plot.
140
120
100-
$96.00
$103.00
$107.00
$112.00
10
Period
15
20
Price of Admission ($)
140 T
120-
100
80
60
40+
20
0
0
5
10
Period
15
20
Price of Admission ($)
140-
120-
100-
80
60+
40
20
0
0
5
10
Period
15
20
Ⓡ
Price of Admission ($)
140-
120+
100-
80
60+
40-
20
0
0
5
10
Period
15
20
Ⓡ
Transcribed Image Text:Suppose the following data show the price in dollars for a general admission ticket to a certain theme park from the year 2000 (period 1) to 2017 (period 18). Price of Admission ($) Year Period Price of Admission ($) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 80 60 40 20 0- 1 0 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 $43.00 5 $45.00 $47.00 $49.00 $51.75 $56.75 $64.00 $68.00 $72.00 $76.00 $79.00 $82.00 $86.00 $92.00 (a) Construct a time-series plot. 140 120 100- $96.00 $103.00 $107.00 $112.00 10 Period 15 20 Price of Admission ($) 140 T 120- 100 80 60 40+ 20 0 0 5 10 Period 15 20 Price of Admission ($) 140- 120- 100- 80 60+ 40 20 0 0 5 10 Period 15 20 Ⓡ Price of Admission ($) 140- 120+ 100- 80 60+ 40- 20 0 0 5 10 Period 15 20 Ⓡ
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