14. 2.3 Linear Modeling
General Idea / Steps
• Plot data onto a graph (scatterplot)
• Create “line of best fit” (linear model)
• Find equation of linear model
• Use to predict new or unknown
data
15. Year 2003 2004 2005 2006 2007
Profit 15.0 16.6 16.4 20.8 22.2
The profits of the General Electric Company (GE), in billions of
dollars, over a five-year period are shown in the following table.
Let x = 3 correspond to 2003. Plot the data.
16. Year 2003 2004 2005 2006 2007
Profit 15.0 16.6 16.4 20.8 22.2
What would you expect
the profit to be in 2010?
Remember, the x-value corresponds to the year. And
the y-value corresponds to the profit.
17. Year 2003 2004 2005 2006 2007
Profit 15.0 16.6 16.4 20.8 22.2
When would you expect
the profit to exceed $50 billion?
Remember, the x-value corresponds to the year. And
the y-value corresponds to the profit.