The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue 2009 1 23.8 2010 2 29.2 2011 3 37.8 2012 4 50.1 2013 5 59.9 2014 6 66.8 -Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) -What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) -Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue 2009 1 23.8 2010 2 29.2 2011 3 37.8 2012 4 50.1 2013 5 59.9 2014 6 66.8 -Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) -What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) -Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014.
| Year | Period (t) | Revenue |
| 2009 | 1 | 23.8 |
| 2010 | 2 | 29.2 |
| 2011 | 3 | 37.8 |
| 2012 | 4 | 50.1 |
| 2013 | 5 | 59.9 |
| 2014 | 6 | 66.8 |
-Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.)
-What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.)
-Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)
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