Question: The following learning activity should be completed in teams. Only one submission per team is required. It is important to show your work. All team

The following learning activity should be completed in teams. Only one submission per team is required. It is important to show your work. All team members should actively contribute to this activity. Subscriber Growth Forecasting The marketing director of an online streaming platform has been tracking the number of subscribers (in thousands) at the end of each quarter over the past two years. The data are as follows: Quarter (t) Subscribers (y) in 1000s 1 250 2 275 3 295 4 290 5 305 6 325 7 340 8 370 Construct a time series plot of the subscriber growth over time. What type of pattern exists in the data? Does the plot show any irregularities or deviations from the general trend? Use simple linear regression analysis to find the parameters for the line that minimizes the Mean Squared Error (MSE) for this time series. Provide the estimated regression equation in the form: What is the average increase in subscribers per quarter during this period? Interpret the slope of the regression line in terms of customer acquisition. Based on the regression model, compute an estimate of the number of subscribers expected in Quarter 9. Round your answer to the nearest thousand

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!