A statistical program is recommended. A certain company has been an authorized dealer for C&D marine radios for the past seven years. Suppose the quarterly sales values for the seven years of historical data are as follows. Year Quarter 1 Quarter 2 1 2 3 4 5 6 7 11 15 19 22 25 29 15 18 26 28 34 36 40 Quarter 3 Quarter 4 10 15 23 25 28 30 35 4 7 radios radios radios radios 12 18 21 20 27 Total Yearly Sales 36 51 76 90 105 111 131 (a) Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data: x₁=1 if quarter 1, 0 otherwise; x₂-1 if quarter 2, 0 otherwise; and x₂ = 1 if quarter 3, 0 otherwise. (Let t= 1 denote the time series value in quarter 1 of year 1; t = 2 denote the time series value in quarter 2 of year 1;... and t28 denote the time series value in quarter 4 of year 7. Round your numerical values to three decimal places.) (b) Compute the quarterly forecasts for next year. (Round your answers to the nearest integer.) forecast for quarter 1 forecast for quarter 2 forecast for quarter 3 forecast for quarter 4

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A statistical program is recommended.
A certain company has been an authorized dealer for C&D marine radios for the past seven years. Suppose the quarterly sales values for the seven years of historical data are as follows.
Year Quarter 1 Quarter 2 Quarter 3
1
2
3
4
5
6
7
7
11
15
19
22
25
29
15
18
26
28
34
36
40
10
15
23
25
28
30
35
Quarter 4
4
radios
radios
radios
radios
7
12
18.
21
20
27
Total Yearly
Sales
36
51
76
90
105
111
131
(a) Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data: x₁ = 1 if quarter 1, 0 otherwise; x₂ = 1 if quarter 2, 0 otherwise; and x3 = 1 if quarter 3, 0 otherwise. (Let t = 1 denote the time series value in quarter 1 of year 1; t = 2 denote
the time series value in quarter 2 of year 1; ... and t = 28 denote the time series value in quarter 4 of year 7. Round your numerical values to three decimal places.)
8 =
(b) Compute the quarterly forecasts for next year. (Round your answers to the nearest integer.)
forecast for quarter 1
forecast for quarter 2
forecast for quarter 3
forecast for quarter 4
Transcribed Image Text:A statistical program is recommended. A certain company has been an authorized dealer for C&D marine radios for the past seven years. Suppose the quarterly sales values for the seven years of historical data are as follows. Year Quarter 1 Quarter 2 Quarter 3 1 2 3 4 5 6 7 7 11 15 19 22 25 29 15 18 26 28 34 36 40 10 15 23 25 28 30 35 Quarter 4 4 radios radios radios radios 7 12 18. 21 20 27 Total Yearly Sales 36 51 76 90 105 111 131 (a) Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data: x₁ = 1 if quarter 1, 0 otherwise; x₂ = 1 if quarter 2, 0 otherwise; and x3 = 1 if quarter 3, 0 otherwise. (Let t = 1 denote the time series value in quarter 1 of year 1; t = 2 denote the time series value in quarter 2 of year 1; ... and t = 28 denote the time series value in quarter 4 of year 7. Round your numerical values to three decimal places.) 8 = (b) Compute the quarterly forecasts for next year. (Round your answers to the nearest integer.) forecast for quarter 1 forecast for quarter 2 forecast for quarter 3 forecast for quarter 4
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