Listed below is the selling price for a share of PepsiCo Inc. at the close of each year from 1998 to 2015.
Year | Price | ||
1998 | 40.6111 | ||
1999 | 35.0230 | ||
2000 | 49.5625 | ||
2001 | 48.68 | ||
2002 | 42.22 | ||
2003 | 46.62 | ||
2004 | 52.20 | ||
2005 | 59.85 | ||
2006 | 62.00 | ||
2007 | 77.51 | ||
2008 | 54.77 | ||
2009 | 60.80 | ||
2010 | 65.33 | ||
2011 | 66.35 | ||
2012 | 68.43 | ||
2013 | 82.94 | ||
2014 | 94.56 | ||
2015 | 99.92 | ||
Plot the stock price in the order in which the data are presented.
Determine the least squares trend equation. (Round your answers to 2 decimal places.)
Calculate the selling price for the years 2008 and 2013. (Round your answers to 2 decimal places.)
Estimate the selling price in 2018. (Round your answer to 2 decimal places.)
By how much has the stock price increased (or decreased) per year on average during the period? (Round your answer to 2 decimal places.)
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