The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. $$\begin{array} { | c | c | c | }
\hline \text { Year } & \text { Quarter } & \text { Overtime hours } \
\hline 2013 & 1 & 20 \
& 2 & 30 \
& 3 & 28 \
& 4 & 20 \
2014 & 1 & 24 \
& 2 & 34 \
& 3 & 28 \
& 4 & 21 \
& 1 & 28 \
2015 & 2 & 38 \
& 3 & 31 \
& 4 & 26 \
& 1 & 30 \
2016 & 2 & 41 \
& 3 & 35 \
& 4 & 28 \
\hline
\end{array}$$ a. Use the regression technique to calculate the linear trend line.
b. Calculate the seasonal indexes based on the regression trend line in part (a).
c. What do the seasonal indexes tell us?

Question

The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \text { Quarter } & \text { Overtime hours } \
\hline 2013 & 1 & 20 \
& 2 & 30 \
& 3 & 28 \
& 4 & 20 \
2014 & 1 & 24 \
& 2 & 34 \
& 3 & 28 \
& 4 & 21 \
& 1 & 28 \
2015 & 2 & 38 \
& 3 & 31 \
& 4 & 26 \
& 1 & 30 \
2016 & 2 & 41 \
& 3 & 35 \
& 4 & 28 \
\hline
\end{array}$$ a. Use the regression technique to calculate the linear trend line.
b. Calculate the seasonal indexes based on the regression trend line in part (a).
c. What do the seasonal indexes tell us?

Quizplus · Accepted Answer

The Answer of The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \text { Quarter } & \text { Overtime hours } \
\hline 2013 & 1 & 20 \
& 2 & 30 \
& 3 & 28 \
& 4 & 20 \
2014 & 1 & 24 \
& 2 & 34 \
& 3 & 28 \
& 4 & 21 \
& 1 & 28 \
2015 & 2 & 38 \
& 3 & 31 \
& 4 & 26 \
& 1 & 30 \
2016 & 2 & 41 \
& 3 & 35 \
& 4 & 28 \
\hline
\end{array}$$ a. Use the regression technique to calculate the linear trend line.
b. Calculate the seasonal indexes based on the regression trend line in part (a).
c. What do the seasonal indexes tell us?

The Total Number of Overtime Hours (In 1000s) Worked in a Large