Data Visualizationmedium
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A line graph tracks monthly revenue ($1000s) for a company over 24 months (2 years). Observed data:
— Month 1 (Jan Yr1): $20k
— Month 7 (Jul Yr1): $29k
— Month 12 (Dec Yr1): $32k
— Month 13 (Jan Yr2): $26k
— Month 19 (Jul Yr2): $35k
— Month 24 (Dec Yr2): $44k
The data exhibits both upward trend and seasonal variation (January typically lower). Assuming both patterns continue, what is the predicted revenue for Month 31 (July Year 3)?
A line graph tracks monthly revenue ($1000s) for a company over 24 months (2 years). Observed data: — Month 1 (Jan Yr1): $20k — Month 7 (Jul Yr1): $29k — Month 12 (Dec Yr1): $32k — Month 13 (Jan Yr2): $26k — Month 19 (Jul Yr2): $35k — Month 24 (Dec Yr2): $44k
The data exhibits both upward trend and seasonal variation (January typically lower). Assuming both patterns continue, what is the predicted revenue for Month 31 (July Year 3)?