Growth Is the Primary Focus for All Companies A Create a Line Chart for These Time Series Data

Essay

Growth is the primary focus for all companies. A factor that acts as a key term while analyzing the growth of a company is the number of resources/employees working for the company over a period of time. One such study about a start-up company's growth in terms of the increase in the number of employees per month in a span of two years is shown below. $$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Number of } \\\text { employees }\end{array} \\\hline 1 & 40 \\\hline 2 & 48 \\\hline 3 & 50 \\\hline 4 & 52 \\\hline 5 & 49 \\\hline 6 & 54 \\\hline 7 & 57 \\\hline 8 & 53 \\\hline 9 & 60 \\\hline 10 & 64 \\\hline 11 & 68 \\\hline 12 & 70 \\\hline 13 & 73 \\\hline 14 & 76 \\\hline 15 & 72 \\\hline 16 & 75 \\\hline 17 & 79 \\\hline 18 & 80 \\\hline 19 & 84 \\\hline 20 & 82 \\\hline 21 & 86 \\\hline 22 & 89 \\\hline 23 & 94 \\\hline 24 & 100 \\\hline\end{array}$$
a. Create a line chart for these time series data. What interpretations can you make about the increase in the number of employees over these 24 months?
b. Fit a linear trendline to the data. What does the trendline indicate about the increase in the number of employees over these 24 months?