What is the forecast for period 66, if period 66 is a Q17 (please round your answer to 1 decimal place)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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QUESTION 28
Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series:
Quarter
8888
Seasonal Index
73.5.
86.3
105.6
Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for
Q4.
Furthermore, suppose that the estimated coefficients from a regression of the deseasonalized series on Time are
given below:
Intercept
Time
Coefficients
2873
55.1
Transcribed Image Text:QUESTION 28 Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series: Quarter 8888 Seasonal Index 73.5. 86.3 105.6 Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4. Furthermore, suppose that the estimated coefficients from a regression of the deseasonalized series on Time are given below: Intercept Time Coefficients 2873 55.1
Intercept
Time
Coefficients -
2873
55.1
What is the forecast for period 66, if period 66 is a Q1? (please round your answer to 1 decimal place)
Transcribed Image Text:Intercept Time Coefficients - 2873 55.1 What is the forecast for period 66, if period 66 is a Q1? (please round your answer to 1 decimal place)
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