Time-Series Analysis. Pop's Icicles Company has been operating for the past 6 years and the owner, Pop, has identified that there is a seasonality in the sales of popsicles and ice-creams. He shares the following data with you and asks you to help him answer the questions below because he looked online for various forms and needs to show this information to a potential buyer of his company. Remember that you can call the seasons "quarters" and number them according to your wish if you do not want to directly use the seasons he has listed. Remember to round all numbers to 2 decimal places when entering answers for the equation in part (b) and the forecast in part (c). Year Season Sales/week Year Season Sales/week 1 Spring 150 4 Spring 175 Summer 200 Summer 300 Fall 150 Fall 165 Winter 75 Winter 75 2 Spring 125 Spring 162 Summer 210 Summer 284 Fall 140 Fall 145 Winter 50 Winter 80 3 Spring 136 Spring 150 Summer 190 Summer 195 Fall 120 Fall 155 Winter 25 Winter 69 2. Use the time series linear regression analysis using dummies for Spring, Summer, and Fall to find the parameters of the line that minimizes the MSE for this data. Fill in the blanks below to indicate the corresponding parameter estimates: Y-hat= Spring + Summer + * Fall

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Q5-2

Pls help with steps and answers.

Thank you.

Time-Series Analysis. Pop's Icicles Company has been operating for the past 6 years and the owner, Pop, has identified
that there is a seasonality in the sales of popsicles and ice-creams. He shares the following data with you and asks you
to help him answer the questions below because he looked online for various forms and needs to show this
information to a potential buyer of his company. Remember that you can call the seasons "quarters" and number them
according to your wish if you do not want to directly use the seasons he has listed. Remember to round all numbers to
2 decimal places when entering answers for the equation in part (b) and the forecast in part (c).
Year Season
Sales/week
Year
Season
Sales/week
1
Spring
150
4
Spring
175
Summer
200
Summer
300
Fall
150
Fall
165
Winter
75
Winter
75
2
Spring
125
5
Spring
162
Summer
210
Summer
284
Fall
140
Fall
145
Winter
50
Winter
80
3
Spring
136
6
Spring
150
Summer
190
Summer
195
Fall
120
Fall
155
Winter
25
Winter
69
2. Use the time series linear regression analysis using dummies for Spring, Summer, and Fall to find the parameters of
the line that minimizes the MSE for this data. Fill in the blanks below to indicate the corresponding parameter
estimates: Y-hat=
+
Spring +
Summer +
Fall
Transcribed Image Text:Time-Series Analysis. Pop's Icicles Company has been operating for the past 6 years and the owner, Pop, has identified that there is a seasonality in the sales of popsicles and ice-creams. He shares the following data with you and asks you to help him answer the questions below because he looked online for various forms and needs to show this information to a potential buyer of his company. Remember that you can call the seasons "quarters" and number them according to your wish if you do not want to directly use the seasons he has listed. Remember to round all numbers to 2 decimal places when entering answers for the equation in part (b) and the forecast in part (c). Year Season Sales/week Year Season Sales/week 1 Spring 150 4 Spring 175 Summer 200 Summer 300 Fall 150 Fall 165 Winter 75 Winter 75 2 Spring 125 5 Spring 162 Summer 210 Summer 284 Fall 140 Fall 145 Winter 50 Winter 80 3 Spring 136 6 Spring 150 Summer 190 Summer 195 Fall 120 Fall 155 Winter 25 Winter 69 2. Use the time series linear regression analysis using dummies for Spring, Summer, and Fall to find the parameters of the line that minimizes the MSE for this data. Fill in the blanks below to indicate the corresponding parameter estimates: Y-hat= + Spring + Summer + Fall
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman