A. Develop a linear trend equation for this time series. Round your answers to 4 decimals. Tt = ____+ _____t B. What is the forecast for 16 period ? Round your answer to two decimal places. $_____billion
A. Develop a linear trend equation for this time series. Round your answers to 4 decimals. Tt = ____+ _____t B. What is the forecast for 16 period ? Round your answer to two decimal places. $_____billion
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
Problem 3DQ
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Question
The general fund revenue receipts for the state of Kentucky for 2003 (period 1) to (period 15 ) follows. Do not round intermediate calculations.
Budget | ||||
Year | Period | ($billions) | ||
2003 | 1 | 6.785 | ||
2004 | 2 | 6.973 | ||
2005 | 3 | 7.647 | ||
2006 | 4 | 8.373 | ||
2007 | 5 | 8.579 | ||
2008 | 6 | 8.666 | ||
2009 | 7 | 8.428 | ||
2010 | 8 | 8.223 | ||
2011 | 9 | 8.755 | ||
2012 | 10 | 9.097 | ||
2013 | 11 | 9.301 | ||
2014 | 12 | 9.554 | ||
2015 | 13 | 9.963 | ||
2016 | 14 | 10.334 | ||
2017 | 15 | 10.474 |
A. Develop a linear trend equation for this time series. Round your answers to 4 decimals.
Tt = ____+ _____t
B. What is the
$_____billion
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