Comment on the appropriateness of a linear trend. The time series plot shows that a curvilinear trend may be more appropriate. The time serles plot shows that a linear trend is most approprilate. The...

Extracted text: Comment on the appropriateness of a linear trend. The time series plot shows that a curvilinear trend may be more appropriate. The time serles plot shows that a linear trend is most approprilate. The time series plot shows that neither a linear nor a curvilinear trend is appropriate. (b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). ( (c) Using the trend equation developed in part (b), forecast revenue (In millions of dollars) in year 11. (Round your answer million Submit Answer


Extracted text: A statistical program is recommended. A certain company produces and sells froren pizras to public schools throughout the eastem United States. Using a very aggressive marketing strategy, they have been able to increm annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenun, in milions of for the previous 10 years is shown Year Revenue 8.43 10.74 13.08 14.01 16.41 17.21 18.37 18.35 18.30 10 18.43 4.