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A Consulting Firm Estimates the Following Quarterly Sales Forecasting Model Qt=a+bt+cDQ _ { t } = a + b t + c D

Question 37

Multiple Choice

A consulting firm estimates the following quarterly sales forecasting model: Qt=a+bt+cDQ _ { t } = a + b t + c D The equation is estimated using quarterly data from 20010I-2020III (t = 1,...,43) .The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter,and 0 otherwise.
The results of the estimation are:  A consulting firm estimates the following quarterly sales forecasting model:  Q _ { t } = a + b t + c D  The equation is estimated using quarterly data from 20010I-2020III (t = 1,...,43) .The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter,and 0 otherwise. The results of the estimation are:   Give the above,at the 1 percent level of significance,is there a statistically significant trend in sales? A) No,since 1.86 < 2.704 B) No,since 0.55 < 1.86 C) No,since 1.02 < 2.704 D) Yes,since 1.86 > 0.55 E) Yes,since 3.38 > 2.704 Give the above,at the 1 percent level of significance,is there a statistically significant trend in sales?


A) No,since 1.86 < 2.704
B) No,since 0.55 < 1.86
C) No,since 1.02 < 2.704
D) Yes,since 1.86 > 0.55
E) Yes,since 3.38 > 2.704

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