
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:A forecaster used the regression equation
Q₁=a+b+qD₁+202 + c303
and quarterly sales data for 1998/2016/V (t-1.72) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2.
and D3 are dummy variables for quarters I, II, and III.
DEPENDENT VARIABLE QT
OBSERVATIONS 72
VARIABLE
INTERCEPT
T
01
R-SQUARE
08798
02
03
PARAMETER
ESTIMATE
36
F-RATIO
122 547
STANDARD
ERROR
12.54
0860
326
10 68
18.45
25
12.0
300
450
The estimated QUARTERLY increase in sales is
O
P-VALUE ON F
0.0001
T-RATIO P-VALUE
2.87
00055
291
0.0049
360
0.0005
00066
00174
36
201
2.44
units.
2.5
12
87
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