Solved

Consider the Following to Answer the Question(s) Below

Question 19

Multiple Choice

Consider the following to answer the question(s) below:
Quarterly sales data (in $10,000) for a small company specializing in green cleaning products are shown in the time series graph below. Consider the following to answer the question(s) below: Quarterly sales data (in $10,000) for a small company specializing in green cleaning products are shown in the time series graph below. A seasonal regression model was fit to these data and the results are shown below. The regression equation is Sales = 89.06 + 1.37t - 23.37Q2 - 23.91Q3 + 27.88Q4. -Which of the following is not true? A) The seasonal regression model is significant in explaining sales as indicated by the F-statistic and associated P-value. B) The seasonal regression model explains 98.02% of the variation in sales. C) The t-statistics and associated P-values indicate that all dummy variables representing quarters are significant. D) Q1 is the quarter without dummy variable. The next year sales in Q1 is predicted to be $1,233,100. E) The seasonal regression model is not significant overall as only Q1 is significant. A seasonal regression model was fit to these data and the results are shown below.
The regression equation is Sales = 89.06 + 1.37t - 23.37Q2 - 23.91Q3 + 27.88Q4. Consider the following to answer the question(s) below: Quarterly sales data (in $10,000) for a small company specializing in green cleaning products are shown in the time series graph below. A seasonal regression model was fit to these data and the results are shown below. The regression equation is Sales = 89.06 + 1.37t - 23.37Q2 - 23.91Q3 + 27.88Q4. -Which of the following is not true? A) The seasonal regression model is significant in explaining sales as indicated by the F-statistic and associated P-value. B) The seasonal regression model explains 98.02% of the variation in sales. C) The t-statistics and associated P-values indicate that all dummy variables representing quarters are significant. D) Q1 is the quarter without dummy variable. The next year sales in Q1 is predicted to be $1,233,100. E) The seasonal regression model is not significant overall as only Q1 is significant.
-Which of the following is not true?


A) The seasonal regression model is significant in explaining sales as indicated by the F-statistic and associated P-value.
B) The seasonal regression model explains 98.02% of the variation in sales.
C) The t-statistics and associated P-values indicate that all dummy variables representing quarters are significant.
D) Q1 is the quarter without dummy variable. The next year sales in Q1 is predicted to be $1,233,100.
E) The seasonal regression model is not significant overall as only Q1 is significant.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: Quarterly sales data (in $10,000) for a

Q15: The MSE for the forecasting method used

Q16: The following table shows actual sales values

Q17: Annual estimates of the population in a

Q18: A large automobile parts supplier keeps track

Q20: Consider the following to answer the question(s)

Q21: A company has recorded annual sales (in

Q22: Consider the following to answer the question(s)

Q23: Which of the following statement is true

Q24: Consider the following to answer the question(s)

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents