A forecaster used the following regression equation and quarterly sales data during 1999II - 2007IV (t = 1, ..., 35) for an appliance manufacturer to obtain the estimation results shown below. Q is quarterly sales, and ,and are seasonal dummy variables for quarters I, II, and III.

-At the 2 percent level of significance, the critical value of the t-statistic is _______.
The parameter estimate of a ________ (is, is not) statistically significant.
The parameter estimate of b ________ (is, is not) statistically significant.
The parameter estimate of C₁ ________ (is, is not) statistically significant.
The parameter estimate of C₂ ________ (is, is not) statistically significant.
The parameter estimate of C₃ ________ (is, is not) statistically significant.

Question

A forecaster used the following regression equation

and quarterly sales data during 1999II - 2007IV (t = 1, ..., 35) for an appliance manufacturer to obtain the estimation results shown below. Q is quarterly sales, and

,and

are seasonal dummy variables for quarters I, II, and III.

-At the 2 percent level of significance, the critical value of the t-statistic is _______.
The parameter estimate of a ________ (is, is not) statistically significant.
The parameter estimate of b ________ (is, is not) statistically significant.
The parameter estimate of C₁ ________ (is, is not) statistically significant.
The parameter estimate of C₂ ________ (is, is not) statistically significant.
The parameter estimate of C₃ ________ (is, is not) statistically significant.

Quizplus · Accepted Answer

The Answer of A forecaster used the following regression equation and quarterly sales data during 1999II - 2007IV (t = 1, ..., 35) for an appliance manufacturer to obtain the estimation results shown below. Q is quarterly sales, and ,and are seasonal dummy variables for quarters I, II, and III. -At the 2 percent level of significance, the critical value of the t-statistic is _______. The parameter estimate of a ________ (is, is not) statistically significant. The parameter estimate of b ________ (is, is not) statistically significant. The parameter estimate of C₁ ________ (is, is not) statistically significant. The parameter estimate of C₂ ________ (is, is not) statistically significant. The parameter estimate of C₃ ________ (is, is not) statistically significant.

A Forecaster Used the Following Regression Equation and Quarterly