FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The number of properties newly listed with a real estate agency in each quarter
over the last four years is given below. Assume the time series has seasonality
without trend.
Quarter
1
2
3
4
Year
1
73
89
123
92
Year
2
81
87
115
95
Year
3
76
91
108
87
Year
4
77
88
120
97
a. Develop the optimization model that finds the estimated regression equation
that minimize the sum of squared error.
b. Solve for the estimated regression equation.
c. Forecast the four quarters of Year 5.
*Please solve in excel
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Transcribed Image Text:The number of properties newly listed with a real estate agency in each quarter over the last four years is given below. Assume the time series has seasonality without trend. Quarter 1 2 3 4 Year 1 73 89 123 92 Year 2 81 87 115 95 Year 3 76 91 108 87 Year 4 77 88 120 97 a. Develop the optimization model that finds the estimated regression equation that minimize the sum of squared error. b. Solve for the estimated regression equation. c. Forecast the four quarters of Year 5. *Please solve in excel
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