Consider the following time series data. Quarter 1 2 3 4 Year 1 5 1 2 6 Year 2 7 2 4 8 Year 3 8 5 5 9 (a) Construct a time series plot. What type of pattern exists in the data? O The time series plot shows a linear trend and no seasonal pattern in the da The time series plot shows a linear trend and a seasonal pattern in the dat
Consider the following time series data. Quarter 1 2 3 4 Year 1 5 1 2 6 Year 2 7 2 4 8 Year 3 8 5 5 9 (a) Construct a time series plot. What type of pattern exists in the data? O The time series plot shows a linear trend and no seasonal pattern in the da The time series plot shows a linear trend and a seasonal pattern in the dat
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![quarter 2 Torecast
quarter 3 forecast
quarter 4 forecast
(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects
and create a variable t such that t = 1 for quarter 1 in year 1, t = 2 for quarter 2 in year 1, ... t = 12 for quarter 4 in year 3. (Round your numerical values to three decimal places.)
ŷ, =
(e) Compute the quarterly forecasts for the next year based on the model you developed in part (d). (Round your answers to two decimal places.)
quarter 1 forecast
quarter 2 forecast
quarter 3 forecast
quarter 4 forecast
(f) Is the model you developed in part (b) or the model you developed in part (d) more effective? Justify your answer.
O The model in part (b) appears to be more effective since it has a lower MSE than the model in part (d).
O The model in part (b) appears to be more effective since it has a higher MSE than the model in part (d).
O The model in part (d) appears to be more effective since it has more variables than the model in part (b).
O The model in part (d) appears to be more effective since it has a lower MSE than the model in part (b).
O The model in part (b) appears to be more effective since there is no linear trend visible in the data.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe15c8605-c3c4-4922-bcea-8a06f4b6dc06%2F60e03b35-07c0-4e92-8f89-f6fcfaf1f4ce%2F6jy8gkb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:quarter 2 Torecast
quarter 3 forecast
quarter 4 forecast
(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects
and create a variable t such that t = 1 for quarter 1 in year 1, t = 2 for quarter 2 in year 1, ... t = 12 for quarter 4 in year 3. (Round your numerical values to three decimal places.)
ŷ, =
(e) Compute the quarterly forecasts for the next year based on the model you developed in part (d). (Round your answers to two decimal places.)
quarter 1 forecast
quarter 2 forecast
quarter 3 forecast
quarter 4 forecast
(f) Is the model you developed in part (b) or the model you developed in part (d) more effective? Justify your answer.
O The model in part (b) appears to be more effective since it has a lower MSE than the model in part (d).
O The model in part (b) appears to be more effective since it has a higher MSE than the model in part (d).
O The model in part (d) appears to be more effective since it has more variables than the model in part (b).
O The model in part (d) appears to be more effective since it has a lower MSE than the model in part (b).
O The model in part (b) appears to be more effective since there is no linear trend visible in the data.
![Consider the following time series data.
Quarter Year 1
1
ŷt
2
3
4
5
1
2
6
Year 2
7
2
+
Year 3
8
5
5
(a) Construct a time series plot. What type of pattern exists in the data?
O The time series plot shows a linear trend and no seasonal pattern in the data.
O The time series plot shows a linear trend and a seasonal pattern in the data.
O The time series plot shows a horizontal pattern, but there is also seasonal pattern in the data.
O The time series plot shows a horizontal pattern and no seasonal pattern in the data.
(b) Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data. (Round your numerical values to three decimal places.)
X₁ = 1 if quarter 1, 0 otherwise; x₂ = 1 if quarter 2, 0 otherwise; X3 = 1 if quarter 3, 0 otherwise
(c) Compute the quarterly forecasts for the next year based on the model you developed in part (b). (Round your answers to two decimal places.)
quarter 1 forecast
quarter 2 forecast
quarter 3 forecast
quarter 4 forecast
(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects
and create a variable t such that t = 1 for quarter 1 in year 1, t = 2 for quarter 2 in year 1, ... t = 12 for quarter 4 in year 3. (Round your numerical values to three decimal places.)
ŷt
3:02 PM](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe15c8605-c3c4-4922-bcea-8a06f4b6dc06%2F60e03b35-07c0-4e92-8f89-f6fcfaf1f4ce%2F6kdo0jp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following time series data.
Quarter Year 1
1
ŷt
2
3
4
5
1
2
6
Year 2
7
2
+
Year 3
8
5
5
(a) Construct a time series plot. What type of pattern exists in the data?
O The time series plot shows a linear trend and no seasonal pattern in the data.
O The time series plot shows a linear trend and a seasonal pattern in the data.
O The time series plot shows a horizontal pattern, but there is also seasonal pattern in the data.
O The time series plot shows a horizontal pattern and no seasonal pattern in the data.
(b) Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data. (Round your numerical values to three decimal places.)
X₁ = 1 if quarter 1, 0 otherwise; x₂ = 1 if quarter 2, 0 otherwise; X3 = 1 if quarter 3, 0 otherwise
(c) Compute the quarterly forecasts for the next year based on the model you developed in part (b). (Round your answers to two decimal places.)
quarter 1 forecast
quarter 2 forecast
quarter 3 forecast
quarter 4 forecast
(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects
and create a variable t such that t = 1 for quarter 1 in year 1, t = 2 for quarter 2 in year 1, ... t = 12 for quarter 4 in year 3. (Round your numerical values to three decimal places.)
ŷt
3:02 PM
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman