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

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

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Basic Math

Answer & Explanation Solved by verified expert

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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