The number of properties newly listed with a real estate agency in each quarter over the last four years is given below. Assume the time series has seasonality without trend. Quarter 1 2 3 4 Year 1 73 89 123 92 Year 2 81 87 115 95 Year 3 76 91 108 87 Year b. Solve for the estimated regression equation. c. Forecast the four quarters of Year 5. *Please solve in excel 4 77 88 120 97 a. Develop the optimization model that finds the estimated regression equation that minimize the sum of squared error.
The number of properties newly listed with a real estate agency in each quarter over the last four years is given below. Assume the time series has seasonality without trend. Quarter 1 2 3 4 Year 1 73 89 123 92 Year 2 81 87 115 95 Year 3 76 91 108 87 Year b. Solve for the estimated regression equation. c. Forecast the four quarters of Year 5. *Please solve in excel 4 77 88 120 97 a. Develop the optimization model that finds the estimated regression equation that minimize the sum of squared error.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:The number of properties newly listed with a real estate agency in each quarter
over the last four years is given below. Assume the time series has seasonality
without trend.
Quarter
1
2
3
4
Year
1
73
89
123
92
Year
2
81
87
115
95
Year
3
76
91
108
87
Year
4
77
88
120
97
a. Develop the optimization model that finds the estimated regression equation
that minimize the sum of squared error.
b. Solve for the estimated regression equation.
c. Forecast the four quarters of Year 5.
*Please solve in excel
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