Question: (a) Plot the total minutes of TV viewing time per household. (b) Describe the trend (if any) and discuss possible causes. (c) Fit a linear
(a) Plot the total minutes of TV viewing time per household.
(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.
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Average Daily TV Viewing Time Per U.S. Household Min 35 Year Hours Total Min 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 275 291 306 329 356 367 396 430 51 56 36 10 17 35 437 455 491 501
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a b Trend is positive People have more leisure time and use it watching the tube c Lineary 1897 t ... View full answer
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