Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series:   Quarter Seasonal Index Q1 72.9 Q2 84.3 Q3 108.6       Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4.   Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below:     Coefficients Intercept 2,796 Time 77.4   What is the forecast for period 51, if period 51 is a Q1? (please round your answer to 1 decimal place)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
Question
Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series:

 
Quarter
Seasonal Index
Q1
72.9
Q2
84.3
Q3
108.6
 
 

 
Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4.

 
Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below:

 
 
Coefficients
Intercept
2,796
Time
77.4

 
What is the forecast for period 51, if period 51 is a Q1? (please round your answer to 1 decimal place)
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