Question

Listed below is the selling price for a share of PepsiCo Inc. at the close of...

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
  1. Plot the stock price in the order in which the data are presented.

  2. Determine the least squares trend equation. (Round your answers to 2 decimal places.)

  3. Calculate the selling price for the years 2008 and 2013. (Round your answers to 2 decimal places.)

  4. Estimate the selling price in 2018. (Round your answer to 2 decimal places.)

  5. 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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