Vacation destinations often run on a seasonal basis, depending on the primary activities in that location. Amanda Wang is the owner of a travel agency in Cincinnati, Ohio. She has built a database of the number of vacation packages (Vacation) that she has sold over the last 12 years. The accompanying file includes quarterly data on the number of vacation packages sold.YearQuarterVacation2008150020082147200831314200846732009198420092584200931449200941125201012092010245820103135720104544201114832011228020113139220114780201213402012210032012316922012478320131781201324092013316572013479220141671201427692014310682014452020151616201527752015312152015451420161232201624922016315812016410282017155120172869201731114201744762018140520182412201831121201845542019166620192729201931283201949231. Estimate the linear regression models using seasonal dummy variables with and without the trend term. Which is the preferred model? 2. Use the preferred model to forecast the quarterly number of vacation packages sold in the first two quarters of 2020.Note: Round coefficient estimates to at least 4 decimal places and final answers to 2 decimal places.

Given information: Year Quarter Vacation 2008 1 500 2008 2 147 2008 3 1314 2008 4 673…

Answered: Vacation destinations often run on a…

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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Vacation destinations often run on a seasonal basis, depending on the primary activities in that location. Amanda Wang is the owner of a travel agency in Cincinnati, Ohio. She has built a database of the number of vacation packages (Vacation) that she has sold over the last 12 years. The accompanying file includes quarterly data on the number of vacation packages sold.

Year	Quarter	Vacation
2008	1	500
2008	2	147
2008	3	1314
2008	4	673
2009	1	984
2009	2	584
2009	3	1449
2009	4	1125
2010	1	209
2010	2	458
2010	3	1357
2010	4	544
2011	1	483
2011	2	280
2011	3	1392
2011	4	780
2012	1	340
2012	2	1003
2012	3	1692
2012	4	783
2013	1	781
2013	2	409
2013	3	1657
2013	4	792
2014	1	671
2014	2	769
2014	3	1068
2014	4	520
2015	1	616
2015	2	775
2015	3	1215
2015	4	514
2016	1	232
2016	2	492
2016	3	1581
2016	4	1028
2017	1	551
2017	2	869
2017	3	1114
2017	4	476
2018	1	405
2018	2	412
2018	3	1121
2018	4	554
2019	1	666
2019	2	729
2019	3	1283
2019	4	923