Consider the following time series Quarter Year 1 Year 2 Year 3 71 41 51 60 83 a

Question

Consider the following time series Quarter Year 1 Year 2 Year 3 71 41 51 60 83 a. Which of the following is the correct time series plot? A. TimeSeries Va 60 TimeSeries TimeSeries 20 TimeSeries 20 Plot A What type of pattern exists in the data? b. Use the following dummy variables to develop an estimated regression equation to account for seasonal Value- 30Qtr2 20 Qur3 C. Compute the quarterly forecasts for next year Quarter 1 forecast Quarter 2 forecast Quarter 3 forecast Quarter 4 forecast 67 47

Explanation / Answer

plot A as the last point is 76 which is abobe the 60 mark on y axis we don't see a linear trend here

b)

value = 80 -13q1-33q2-23q3

constant will be avg of q4 as when q1, q2, q3are zero value is q4

c)

q1 =67

q2= 47

q3 = 57

q4 = 80

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---