(a) Plot the total minutes of TV viewing time per household. (b) Describe the trend (if any)...
Question:
(b) Describe the trend (if any) and discuss possible causes.
(c) Fit a linear trend to the data.
(d) Would this model give reason- able forecasts? Would another trend model be better? Explain.
(e) Make a forecast for 2015. Show the forecast calculations.
(f) Would these data ever approach an asymptote? Explain. Time is in 5-year increments, so use t = 14 for the 2015 forecast.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
Question Posted: