Regression analysis was used to estimate the following seasonal forecasting equation:
St = 124 + 18 D1 - 46 D2 - 28 D3 + 2.5 t
D1 is a dummy variable that is equal to one in the first quarter and zero otherwise; D2 is a dummy variable that is equal to one in the second quarter and zero otherwise; and D3 is a dummy variable that is equal to one in the third quarter and zero otherwise. Forecast the level of sales in the fourth quarter of time period ten.
A) 149
B) 180
C) 205
D) None of the above is correct.
Correct Answer:
Verified
Q1: Regression analysis was used to estimate the
Q3: The Delphi method generates forecasts by surveying
Q4: One advantage of the Delphi method is
Q5: Councils of distinguished foreign dignitaries and businesspersons
Q6: The use of a linear trend equation
Q7: The ratio-to-trend method is used to estimate
Q8: The use of leading indicators to forecast
Q9: The use of an estimated demand equation
Q10: Forecasts based on leading indicators are qualitative.
Q11: Macroeconomic forecasts are generally based on multiple-equation
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