Question: Develop a quadratic trend equation that can be used to forecast revenue (to 4 decimals). tt=bo + b1t +b2t2 bo: b1: b2: Using the trend

Develop a quadratic trend equation that can be used to forecast revenue (to 4 decimals).

tt=bo + b1t +b2t2

bo:

b1:

b2:

Using the trend equation developed in part (b), forecast revenue in year 11 (to 2 decimals).

Year Year2 Revenue ($ millions) Formula
1 8.97 #N/A
2 10.80 #N/A
3 13.15 #N/A
4 14.59 #N/A
5 15.92 #N/A
6 17.62 #N/A
7 17.92 #N/A
8 18.40 #N/A
9 18.60 #N/A
10 18.49 #N/A

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