Question: The Data: Year Visitors 2000 325 2001 359 2002 348 2003 334 2004 380 2005 354 2006 318 2007 319 Despite the growth in digital

The Data: Year Visitors 2000 325 2001 359 2002The Data: Year Visitors 2000 325 2001 359 2002

The Data:

Year Visitors
2000 325
2001 359
2002 348
2003 334
2004 380
2005 354
2006 318
2007 319

Despite the growth in digital entertainment, the nation's 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table. Year 2000 2001 Visitors 325 359 2007 319 SOURCE: International Association of Amusement Parks and Attractions. picture Click here for the Excel Data File b-1. Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.) Linear Trend Exponential Trend Variable Intercept t Standard Error b-2. Calculate the MSE for both trends. (Do not round estimates ot intermediate calculations. Round final answers to 2 decimal places.) Linear Trend Exponential Trend MSE b-3. By comparing MSE, which of the above methods perform better? O Linear trend Exponential trend C-1. Using the model of best fit, make a forecast for visitors to amusement parks in 2008. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) million visitors c-2. Using the model of best fit, make a forecast for visitors to amusement parks in 2009. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.) million visitors

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