Question: Pr1. Time Series. Written 20% Test Grade The data in the table below represent the annual revenues(in billion of dollars) of McDonald's Corporation over the
Pr1. Time Series. Written 20% Test Grade The data in the table below represent the annual revenues(in billion of dollars) of McDonald's Corporation over the period from 1975 to 2012. Year Revenues 1975 1 1976 1.2 1977 1.4 1978 1.7 1979 1.9 1980 2.2 1981 2.5 1982 2.8 1983 3.1 1984 3.6 1985 3.8 1986 3.9 1987 4.9 1988 5.2 1989 5.9 1990 6.4 1991 6.7 1992 7 1993 7.4 1994 8.3 1995 9.8 1996 10.7 1997 11.4 1998 13.4 1999 14.5 2000 15.6 2001 14.9 2002 15.4 2003 17.1 2004 19 2005 20.5 2006 19.3 2007 22.4 2008 24.5 2009 23.6 2010 24.1 2011 29.5 2012 26.7 a) Calculate a five-year moving average to the data (add a column to the table) b) Using a smoothing coefficient of W = 0.45, exponentially smooth the series (add a column to the table, use data analysis to smooth) c) Plot the results from a) and b) with the time series on a scatter plot. d) Compute a quadratic trend forecasting equation and plot the predicted result with the data against the coded years. e) Compute an exponential trend forcasting equation and plot the predicted results with the data against the coded years. f) Compute a second -order autoregressive model, test for the significance of the second-order autoregressive parameter, and plot the predicted results with the data against the coded years. g) Ifnecessary, compute a first-order autoregressive model, test for the significance of the first-oder autoregressive parameter, and plot the predicted results with the data against the coded years. h) predict the values for years 2013 and 2014 using the best model out of d and e. And the apropriate autoregressive model of f) or g). Pr2 Simple Linear Regression. The owner of a chain of ice cream store would like to study the effect of atmosperic temperature on sales during the summer season. A sample of 24 consecutive days is selected, with the results stored in the table below Sales, in thousand of $ Temperature, in degrees 1.52 63 1.68 70 1.8 73 2.05 75 2.68 88 2.25 82 2.68 85 2.9 88 3.5 95 3.06 91 3.24 92 1.92 75 3.4 98 3.28 100 3.17 92 2.83 87 2.31 82 2.86 88 2.26 80 2.14 82 1.98 76 1.89 74 2.1 75 2.71 85 a) Construct a scatter diagram b) Using Data Analysis/Regression, find the regression coefficients b0 and b1. c) Graph the regression line on the scatter diagram d) Interpret the meaning of b0 and b1 in this problem. e) Predict the sales per store for a day in which the temperature is 83F. f) determine the coefficient of determination and interpret its meaning. (short way from the data analysy SS columns) g) Graph the residuals in this model and determine if the linear model is appropriate. h) At the 0.05 level of significance, is there evidence of a linear relationship between sales and temperature? (based on t-test, p-value, and confidence interval for the slope) Pr3. Anova one factor In order to test the strength of four brands of trash bags, one-pound weights were placed into bags, one at a time until the bag broke. A total of 50 bags, 10 of each brand, were used. The data in the table below gives the weight required to break the trash bag. KROGER GLAD HEFTY TUFFSTUFF WAND 34 32 33 38 36 30 50 34 29 29 44 40 32 20 29 38 40 40 35 28 36 32 40 20 34 31 48 34 19 29 34 39 36 31 30 42 43 36 35 36 37 38 32 29 30 38 38 37 20 25 a) Using Data analysis/Anova, test at the level of significance 0.05 for the evidence of the difference in the mean strength of the five brands of trash bags . (Short solution using Data Analysis only) b) If appropriate, determine which brands differ in mean strength Use Tukey-Kramer procedure. c) Rank the means
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