The American Bankruptcy Institute and the National Bankruptcy Research Center monitor the number of business bankruptcy...
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The American Bankruptcy Institute and the National Bankruptcy Research Center monitor the number of business bankruptcy filings each quarter. The next table lists the annual number of business bankruptcy filings from 2010 to 2018. a. Explain why the data in the table represent time series data. b. Construct a time series plot for the annual number of bankruptcy filings. c. Do you detect a trend in the time series plot? Explain. Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 Number of Bankruptcies 56,282 47,806 40,075 33,212 26,983 24,735 24,114 23,157 22,232 The American Bankruptcy Institute and the National Bankruptcy Research Center monitor the number of business bankruptcy filings each quarter. The next table lists the annual number of business bankruptcy filings from 2010 to 2018. a. Explain why the data in the table represent time series data. b. Construct a time series plot for the annual number of bankruptcy filings. c. Do you detect a trend in the time series plot? Explain. Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 Number of Bankruptcies 56,282 47,806 40,075 33,212 26,983 24,735 24,114 23,157 22,232
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a The data in the table represent time series data because they track a single variable the annual ... View the full answer
Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
Posted Date:
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