The data contained in <professional> are the number of males employed full time in a professional...

80.2K

Verified Solution

Question

Basic Math

The data contained in are the number ofmales employed full time in a professional occupation in Australiafrom August quarter 1996 to August quarter 2008.
Time period
Male full-time employed professionals('000)
Aug-96
645.6
Nov-96
675
Feb-97
661.2
May-97
659.9
Aug-97
675.2
Nov-97
700.5
Feb-98
710.7
May-98
697.8
Aug-98
711.1
Nov-98
733.6
Feb-99
751
May-99
730.4
Aug-99
704.2
Nov-99
725.7
Feb-00
735.2
May-00
743.7
Aug-00
742.7
Nov-00
746.4
Feb-01
762.7
May-01
760.5
Aug-01
765.8
Nov-01
752.7
Feb-02
759.6
May-02
768.6
Aug-02
761.1
Nov-02
783.3
Feb-03
793.4
May-03
772.2
Aug-03
768.8
Nov-03
786.9
Feb-04
799.1
May-04
794.7
Aug-04
772.5
Nov-04
782.2
Feb-05
769.7
May-05
798.6
Aug-05
823.3
Nov-05
841.7
Feb-06
848.3
May-06
848.2
Aug-06
838.2
Nov-06
825.1
Feb-07
851
May-07
858.9
Aug-07
856
Nov-07
875.5
Feb-08
889.7
May-08
883.2
Aug-08
887.9
a) Plot the series of data.
b) Calculate linear trend equation and plot the trendline.
c) What are your forecasts of male full-time professionalemployment in November quarter 2008 and February quarter2009?
d) Do you think it is reasonable to try to forecastemployment in this way? Explain.

Answer & Explanation Solved by verified expert

4.5 Ratings (788 Votes)

aTime series plotThe time series plot is obtained in excel by following thestepSelect all the data values INSERT Recommended Charts X Y Scatter Scatter with Smooth Lines and Markers OK The screenshot of the chart is shown belowb See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Time period	Male full-time employed professionals('000)
Aug-96	645.6
Nov-96	675
Feb-97	661.2
May-97	659.9
Aug-97	675.2
Nov-97	700.5
Feb-98	710.7
May-98	697.8
Aug-98	711.1
Nov-98	733.6
Feb-99	751
May-99	730.4
Aug-99	704.2
Nov-99	725.7
Feb-00	735.2
May-00	743.7
Aug-00	742.7
Nov-00	746.4
Feb-01	762.7
May-01	760.5
Aug-01	765.8
Nov-01	752.7
Feb-02	759.6
May-02	768.6
Aug-02	761.1
Nov-02	783.3
Feb-03	793.4
May-03	772.2
Aug-03	768.8
Nov-03	786.9
Feb-04	799.1
May-04	794.7
Aug-04	772.5
Nov-04	782.2
Feb-05	769.7
May-05	798.6
Aug-05	823.3
Nov-05	841.7
Feb-06	848.3
May-06	848.2
Aug-06	838.2
Nov-06	825.1
Feb-07	851
May-07	858.9
Aug-07	856
Nov-07	875.5
Feb-08	889.7
May-08	883.2
Aug-08	887.9