Question 3 The following ACF plots were produced for raw data of monthly sales of two different variables, A and B. a) Explain which variable is likely to be easier to forecast. (3 marks). b) Explain how your answer to part a) would change if these were residuals of an ARIMA model instead of "raw data of monthly sales". (3 marks). Variable A: 0.15- 0.10 - 0.05- 0.00 -0.05 - -0.10 - -0.15- 10 15 20 Variable B: 1.00 - 0.75- 0.50 - 0.25 - 0.00 12 18 24 lag [1M]

I need help answering parts D, E and F.

Q9 The explanatory variable in linear correlation/regression model is recorded on which of thesemeasurement scales: A. categorical B. ordinal C. quantitative D. none of the above

The following is the data for Patient Days (the cost driver) and Maintenance Costs for a local hospital: Month Patient Days (Cost driver) Maintenance Costs January 3,300 $4,450 February 4,050 $4,750 March 3,000 $4,200 April 3, 750 $ 4,600 May 4,150 $5,050 June 4,500 $5,400 July 2,600 $4,400 Using regression analysis to analyze the hospital's cost structure, the estimated fixed maintenance cost for the hospital is: $5,468 $0.793 $2,734 $0.541

An article in Technometrics by S. C. Narula and J. F. Wellington ["Prediction, Linear Regression, and a Minimum Sum of Relative Errors" (Vol. 19, 1977)] presents data on the selling price and annual taxes for 24 houses. The data are shown in the following table. Xis taxes paid. Taxes (Local, School), Price/1000 County)/1000 Sale 25.9 4.9176 29.5 5.0208 27.9 4.5429 25.9 4.5573 29.9 5.0597 29.9 3.8910 30.9 5.8980 28.9 5.6039 35.9 5.8282 31.5 5.3003 31.0 6.2712 30.9 5.9592 (a) Assuming that a simple linear regression model is appropriate, obtain the regression equation applicable and compute for the coefficient of determination. (b) Test the significance of the correlation coefficient. (c) Find the mean selling price given that the taxes paid is 6.111. (d) Construct a 95% Confidence Interval for the mean selling price computed in (C). Use the editor to formot your answer

This data table contians the listed prices and weights of the diamonds in 48 rings offered for sale in The Singapore Times. The prices are in Singapore dollars, with the weights in crats. Estimate the linear regression using weight as the explanatory variable and price as the response variable using the following two methods: a) Create a scatterplot with trendline (be sure to show the equation and R-square on the chart.) b) Use the Data Analysis Toolpak to do the work for you.