The manufacturer of Beanie Baby dolls used quarterly price data for 2012/- 2020/V(t = 1, ..., 36) and the regression equation Pt= a + bt+c₁D1t+C2D2+ + c3D3 t to forecast doll prices in the year 2021. Pt is the quarterly price of dolls, and D1, D2t, and D3, are dummy variables for quarters I, II, and III, respectively. DEPENDENT VARIABLE: PT R-SQUARE P-VALUE ON F 0.0001 OBSERVATIONS: 36 0.9078 F-RATIO 76.34 STANDARD ERROR PARAMETER ESTIMATE 24.0 VARIABLE INTERCEPT T-RATIO P-VALUE 6.20 3.87 0.0005 T 0.8 0.240 3.33 0.0022 D1 -8.0 2.60 -3.08 0.0043 D2 -6.0 1.80 -3.33 0.0022 D3 -4.0 0.60 -6.67 0.0001 In any given year price tends to vary from quarter to quarter as follows:
The manufacturer of Beanie Baby dolls used quarterly price data for 2012/- 2020/V(t = 1, ..., 36) and the regression equation Pt= a + bt+c₁D1t+C2D2+ + c3D3 t to forecast doll prices in the year 2021. Pt is the quarterly price of dolls, and D1, D2t, and D3, are dummy variables for quarters I, II, and III, respectively. DEPENDENT VARIABLE: PT R-SQUARE P-VALUE ON F 0.0001 OBSERVATIONS: 36 0.9078 F-RATIO 76.34 STANDARD ERROR PARAMETER ESTIMATE 24.0 VARIABLE INTERCEPT T-RATIO P-VALUE 6.20 3.87 0.0005 T 0.8 0.240 3.33 0.0022 D1 -8.0 2.60 -3.08 0.0043 D2 -6.0 1.80 -3.33 0.0022 D3 -4.0 0.60 -6.67 0.0001 In any given year price tends to vary from quarter to quarter as follows:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:The manufacturer of Beanie Baby dolls used quarterly price data for 2012/- 2020/V (t = 1, ..., 36) and the regression equation
Pt = a + bt + c₁D1 t + c2 D2t + c3D3 t
to forecast doll prices in the year 2021. Pt is the quarterly price of dolls, and D1, D2t, and D3 are dummy variables for quarters I, II, and III, respectively.
DEPENDENT VARIABLE: PT R-SQUARE
P-VALUE ON F
0.0001
OBSERVATIONS:
36 0.9078
F-RATIO
76.34
STANDARD
ERROR
PARAMETER
ESTIMATE
T-RATIOP-VALUE
VARIABLE
INTERCEPT
24.0
6.20
3.87 0.0005
T
0.8
0.240
3.33 0.0022
D1
-8.0
2.60
-3.08
0.0043
D2
-6.0
1.80
-3.33
0.0022
D3
-4.0
0.60
-6.67
0.0001
In any given year price tends to vary from quarter to quarter as follows:
Multiple Choice
O
O
O
P₁ > P|| > P||| > PIV
PI> PIV> Pill > PII
Pll > Pill > PIV> PI
Pill > PI>PII > PIV
PIV> Pill > PII > PI
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