Question
Answered step-by-stepAsked by rapozokathaleen on coursehero.com
Given the regression equation...
Given the regression equation
Y=108.811+(−3.968∗First)+(0.732∗Second)+(−8.534∗Third)+(−0.334∗Trend)Y=108.811+(−3.968∗First)+(0.732∗Second)+(−8.534∗Third)+(−0.334∗Trend),
where:
Y=census
First=dummy variable for Q1
Second=dummy variable for Q2
Third=dummy variable for Q3
Trend=variable increasing by 1 unit for each quarter since the data were collected
If we want to forecast (predict) the census for the 20th quarter in the trend, which occurs in the fourth quarter of the year, the value is:
Select one:
a.
102.863
b.
102.131
c.
98.163
Answer & Explanation
Solved by verified expertAnswered by gsgaurav104 on coursehero.com
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