North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be: D = 80.0 + 0.43Q, where Q refers to the sequential quarter number and Q = 1 for winter of Year 1. In addition, the multiplicative seasonal factors are as follows: Quarter Factor (Index) Winter 0.80 Spring 1.25 Summer 1.45 Fall 0.50 In year 26 (quarters 101-104), the energy use for each of the quarters beginning with winter is (round your response to one decimal place):
North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be: D = 80.0 + 0.43Q, where Q refers to the sequential quarter number and Q = 1 for winter of Year 1. In addition, the multiplicative seasonal factors are as follows: Quarter Factor (Index) Winter 0.80 Spring 1.25 Summer 1.45 Fall 0.50 In year 26 (quarters 101-104), the energy use for each of the quarters beginning with winter is (round your response to one decimal place):
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 8P: The management of a technology company is trying to determine the variable that best explains the...
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North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be:
D =
80.0
+
0.43Q,
where Q refers to the sequential quarter number and Q = 1 for winter of Year 1. In addition, the multiplicative seasonal factors are as follows:
Quarter
|
Factor (Index)
|
Winter
|
0.80
|
Spring
|
1.25
|
Summer
|
1.45
|
Fall
|
0.50
|
In year 26 (quarters 101-104), the energy use for each of the quarters beginning with winter is (round your response to one decimal place):
Quarter
|
Energy Use
|
Winter
|
98.798.7
|
Spring
|
nothing
|
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