Using Exhibit 15, answer the following questions. i) State and interpret the coefficient of the intercept. ii) Write the value of the coefficient of time and interpret it. iii) State and interpret the estimated coefficient for the second quarter. iv) State the quarter with the second highest total energy. State the value and interpret this value. v) Without stating the hypotheses for the test, determine if the total energy produced in Quarter 3 is different to the production in Quarter 4. Use a 1% level of significance and show all the steps. vi) Next, using this estimated model predict the total energy production for Quarter 3 in 2023. To do so: First, write down the value for the “Time” variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the quarterly dummy variables for Quarter 3 2023. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the total energy production for Quarter 3 2023.
Using Exhibit 15, answer the following questions.
i) State and interpret the coefficient of the intercept.
ii) Write the value of the coefficient of time and interpret it.
iii) State and interpret the estimated coefficient for the second quarter.
iv) State the quarter with the second highest total energy.
State the value and interpret this value.
v) Without stating the hypotheses for the test, determine if the total energy produced in Quarter 3 is different to the production in Quarter 4.
Use a 1% level of significance and show all the steps.
vi) Next, using this estimated model predict the total energy production for Quarter 3 in 2023. To do so:
First, write down the value for the “Time” variable. [Hint: Time = 1 in Qtr 1 2014]
Second, write down the value for each of the quarterly dummy variables for Quarter 3 2023.
Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the total energy production for Quarter 3 2023.
Comment: As per the our company guidelines we are supposed to answer only three subparts. Kindly repost other parts in the next question.
Solution:
Given information:
n= 36 observation
k= 4 independnet variables.
Step by step
Solved in 3 steps
