Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6 7 2 2 3 6 3 3 5 6 4 5 7 8 Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data. Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) Value = + Qtr1 + Qtr2 + Qtr3 + t Compute the quarterly forecasts for next year. If required, round your answers to two decimal places. Quarter 1 forecast = Quarter 2 forecast = Quarter 3 forecast = Quarter 4 forecast =

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 4EA: EXERCISES The following table gives the life expectancy at birth of females born in the United...
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Consider the following time series data.

Quarter      Year 1     Year 2     Year 3     

1                   4            6             7

2                   2            3             6

3                   3            5             6

4                   5            7             8

 

  1. Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data. Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)

    Value = +  Qtr1 +  Qtr2 +  Qtr3 +  t
  2. Compute the quarterly forecasts for next year. If required, round your answers to two decimal places.

    Quarter 1 forecast = 

    Quarter 2 forecast = 

    Quarter 3 forecast = 

    Quarter 4 forecast = 
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