SCENARIO 16-12 A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 5-year period from 2009 to 2013.The following is the resulting regression equation: where
is the estimated number of contracts in a quarter. X is the coded quarterly value with X = 0 in the first quarter of 2008.
is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise.
is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise.
is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise.
-Referring to Scenario 16-12, to obtain a forecast for the third quarter of 2014 using the model, which of the following sets of values should be used in the regression equation?
A) X = 22,
B) X = 22,
C) X = 23,
D) X = 23,
Correct Answer:
Verified
Q104: SCENARIO 16-12
A local store developed a multiplicative
Q106: SCENARIO 16-12
A local store developed a multiplicative
Q119: SCENARIO 16-12 A local store developed a
Q120: SCENARIO 16-11 The manager of a health
Q122: SCENARIO 16-13 Given below is the monthly
Q127: SCENARIO 16-13 Given below is the monthly
Q128: SCENARIO 16-12 A local store developed a
Q132: SCENARIO 16-13
Given below is the monthly time
Q133: SCENARIO 16-13
Given below is the monthly time
Q134: SCENARIO 16-13
Given below is the monthly time
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents