Air pollution control specialists

Assignment Help Business Economics
Reference no: EM131001267

Air pollution control specialists in southern California monitor the amount of ozone, carbon  dioxide, and nitrogen dioxide in the air on an hourly basis. The hourly time series data exhibit seasonality, with the levels of pollutants showing patterns that vary over the hours in the day. On July 15, 16, and 17, the following levels of nitrogen dioxide were observed for the 12 hours from 6:00 A.M. to 6:00 P.M.

July15: 25 28 35 50 60 60 40 35 30 25 25 20

            July16: 28 30 35 48 60 65 50 40 35 25 20

July17: 35 42 45 70 72 75 60 45 40 25 25 25

a.       Construct a time series plot. What type of pattern exists in the data?

b.      Use a multiple linear regression model with dummy variables as follows to develop

an equation to account for seasonal effects in the data:

Hour 1 = 1 if the reading was made between 6:00 A.M. and 7:00 A.M.; 0 otherwise

Hour 2 = 1 if the reading was made between 7:00 A.M. and 8:00 A.M.; 0 otherwise.

Hour11 = 1 if the reading was made between 4:00 P.M. and 5:00 P.M.; 0 otherwise

Note that when the values of the 11 dummy variables are equal to 0, the observation

corresponds to the 5:00 P.M. to 6:00 P.M. hour.

c.       Using the equation developed in part (b), compute estimates of the levels of

Nitrogen dioxide for July 18.

d.      Let t = 1 to refer to the observation in hour 1 on July 15; t = 2 to refer to the

observation in hour 2 of July 15...... and t = 36 to refer to the observation in hour 12 of July 17. Using the dummy variables defined in part (b) and t, developing an equation to account for seasonal effects and any linear trend in the time series. Based upon the seasonal effects in the data and linear trend, compute estimates of the levels of nitrogen dioxide for July 18. 

 

 

Reference no: EM131001267

Questions Cloud

Firm rents a supply management system to hospitals : Your firm rents a supply management system to hospitals. You have received a buyout offer of $5 million. You forecast a 25 percent chance that you will have profits of $10 million, a 35 percent chance that you will have profits of $6 million, and a 4..
Prepare any necessary adjusting journal entries indicated : Prepare a bank reconciliation for the El Gato checking account at December 31, 2011.
Complete insurance coverage : There is a 1 percent chance that you will have healthcare bills of $100,000, a 19 percent chance that you will have healthcare bills of $10,000, a 60 percent chance that you will have healthcare bills of $500, and a 20 percent chance that you will ha..
What was dollar increase in costs above inflation rate cost : An article in the Chicago Tribune stated that in 2007, college costs rose faster than inflation and student aid. A report by the College Board found that average in-state tuition and fees at four-year public universities rose 6.6% to $6,185. What wou..
Air pollution control specialists : Air pollution control specialists in southern California monitor the amount of ozone, carbon dioxide, and nitrogen dioxide in the air on an hourly basis. The hourly time series data exhibit seasonality, with the levels of pollutants showing patterns ..
Represent her preferences with the utility function : Latanya likes to talk on the telephone. We can represent her preferences with the utility function U(B, J) = 18B + 20J, where B and J are minutes of conversation per month with Bill and Jackie, respectively. If Latanya plans to use the phone for one ..
Redraw two budget lines-substitution and income effects : Hillary spends all her income on milk and cookies. Graph Hillary's budget line when income = $20, Pcookies= $1 & Pmilk= $2. Pick some point in the middle as her optimal choice and draw in the appropriate indifference curve. Redraw the two budget line..
Discuss the ethical considerations in this line of research : Discuss the advantages and limitations of replication in the tobacco industry's use of research. Discuss the ethical considerations in this line of research
Evaluates consumption streams : Consider a two-period economy with a single commodity (say leisure): x_1 is the consumption of leisure in period 1, and x_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..

Reviews

Write a Review

Business Economics Questions & Answers

  The market is in long-run equilibrium

The market is in long-run equilibrium. What market structure best describes the pizza market in this town? Explain. What is average variable cost at this output level for each of the four shops? Explain how you derived this result.

  Highest tax elasticity of labor supply

Which of the following groups are likely to have the highest tax elasticity of labor supply: a) college students, b) single parents, c) primary earners in two-parent families, d) secondary earners in two-parent families, or e) retired people with ave..

  Identify the four major tools of monetary policy

Identify the four major tools of monetary policy. How can monetary policy address the problem of inflation?

  About buying a term life insurance policy

Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.44 per thousand dollars of insurance coverage. Because Lia, wants a $110,000 policy (whi..

  What is the total cost to all parties over the life

A textbook publisher produces a textbook for $25 per book and sells a lot of 160 to the campus bookstore for $50 per unit. The bookstore sells the textbook new for $75 and used for $60. What is the total cost to all parties (publisher, bookstore, stu..

  Explain how your expansionary acts would operate

Write an explanation for an interrogatory senator outlining explain  how your expansionary acts would operate and what would be the effects on the economy

  Make price quantity chart for each consumer

Make a price quantity chart for each consumer. Then add a column showing the total quantity demanded for a private good. Next show the quantity price chart showing the total demand for a public good.

  Compute the capitalized cost of the dam

A small dam was constructed for $2,000,000. The annual maintenance cost is $15,000. If interest is 5%, compute the capitalized cost of the dam, including maintenance.

  What is the effect on the market for peaches

The U.S. Surgeon General issues a report stating that tomatoes prevent colds. What is the effect on the market for tomatoes? b. A new type of robot is invented that will pick peaches. What is the effect on the market for peaches?

  What fiscal policies and monetary policies would be

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

  Santiago is from spain but lives in texas

Santiago is from Spain but lives in Texas. Ryan is from England but he lives in Arizona. A car dealer in Texas buys a new BMW from a BMW factory in Arizona for $51,567 and later sells the new BMW to the final buyer, who is Santiago for $75,120. Later..

  Calculate the dead weight loss associated with externality

Suppose demand for a product Q = 1,200 - 4P and supply is Q = -200 +2P. Furthermore, suppose that the marginal external damage of this product is $8 per unit. How many more units of this product will the free market produce than is socially optimal? ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd