A consulting firm estimates the following quarterly sales forecasting model: The equation is estimated using quarterly data from 2005I-2015III t = 1,...,43).The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter,and 0 otherwise.
The results of the estimation are:
Given the above,what is the estimated intercept of the trend line in the second quarter?
A)22.50
B)24.50
C)24.36
D)2.00
E)none of the above

Question

A consulting firm estimates the following quarterly sales forecasting model:  The equation is estimated using quarterly data from 2005I-2015III t = 1,...,43).The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter,and 0 otherwise.
The results of the estimation are:
 Given the above,what is the estimated intercept of the trend line in the second quarter?
A)22.50 
B)24.50 
C)24.36 
D)2.00 
E)none of the above

Quizplus · Accepted Answer

The Answer of A consulting firm estimates the following quarterly sales forecasting model:  The equation is estimated using quarterly data from 2005I-2015III t = 1,...,43).The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter,and 0 otherwise.
The results of the estimation are:
 Given the above,what is the estimated intercept of the trend line in the second quarter?
A)22.50 
B)24.50 
C)24.36 
D)2.00 
E)none of the above

A Consulting Firm Estimates the Following Quarterly Sales Forecasting Model