The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation to forecast doll prices in the year 2014. is the quarterly price of dolls,and and are dummy variables for quarters I,II,and III,respectively. What is the estimated intercept of the trend line in the 1st quarter?
A)24
B)-8
C)32
D)16
E)none of the above

Question

The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation  to forecast doll prices in the year 2014.  is the quarterly price of dolls,and  and  are dummy variables for quarters I,II,and III,respectively.  What is the estimated intercept of the trend line in the 1st quarter?
A)24 
B)-8 
C)32 
D)16 
E)none of the above

Quizplus · Accepted Answer

The Answer of The manufacturer of Beanie Baby dolls used quarterly price data for 2005I - 2013IV t = 1,...,36)and the regression equation  to forecast doll prices in the year 2014.  is the quarterly price of dolls,and  and  are dummy variables for quarters I,II,and III,respectively.  What is the estimated intercept of the trend line in the 1st quarter?
A)24 
B)-8 
C)32 
D)16 
E)none of the above

The Manufacturer of Beanie Baby Dolls Used Quarterly Price Data