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HELP! Being TIMED

Based on the scatter plots, which type of model is most suitable for estimating the stock price?

HELP! Being TIMED Based on the scatter plots, which type of model is most suitable-example-1

1 Answer

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Answer:

Based on the model produced by the scatterplot, log of stock prices is calculated from the scatter plot and 10 is raised to the power of the result to obtain the estimated stock price. Hence, a reasonable estimate for the stock price would be ; $185.05

From the scatter plot model :

Week number, x = 95

log y = 0.0022(95) + 2.0583

log y = 2.2673

y = estimated stock price

Raise the power of both sides to the power of 10

Therefore, a reasonble estimate for the stock price would be $185.05

ANSWER = C

User Jesse Proulx
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