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.

-The forecasted sales for the 1^st quarter of 2008 are ___________ units.
The forecasted sales for the 2^nd quarter of 2008 are ___________ units.
The forecasted sales for the 3^rd quarter of 2008 are ___________ units.
The forecasted sales for the 4^th quarter of 2008 are ___________ units.

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.

-The forecasted sales for the 1^st quarter of 2008 are ___________ units.
The forecasted sales for the 2^nd quarter of 2008 are ___________ units.
The forecasted sales for the 3^rd quarter of 2008 are ___________ units.
The forecasted sales for the 4^th quarter of 2008 are ___________ units.

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. -The forecasted sales for the 1^st quarter of 2008 are ___________ units. The forecasted sales for the 2^nd quarter of 2008 are ___________ units. The forecasted sales for the 3^rd quarter of 2008 are ___________ units. The forecasted sales for the 4^th quarter of 2008 are ___________ units.

A Forecaster Used the Following Regression Equation and Quarterly