Create dummy variables

Assignment Help Business Economics
Reference no: EM133082767

Year Q1 Q2 Q3 Q4 2014 . . 1,513 1,060 2015 1,431 1,123 994 679 2016...

Year

Q1

Q2

Q3

Q4

2014

.

.

1,513

1,060

2015

1,431

1,123

994

679

2016

1,485

886

1,256

975

2017

1,256

1,156

1,163

1,062

2018

1,200

1,072

1,563

531

2019

1,022

1,169

.

.

  1. Enter the data in MS Excel, as demonstrated in the example video (data should be in columns, with a header row to clearly identify the data in each column).
  2. Create dummy variables for Q1, Q2, and Q3 (you do not need a Q4 variable, as discussed and demonstrated in the example video).
  3. Create the trend variable (a variable that increases by 1 for each quarter of time that passes

To calculate the forecasted value for the third quarter of 2019, which answer shows the correct values for Q1, Q2, and Q3?

1. Q1=0, Q2=0, and Q3=1

2. Q1=0, Q2=0, and Q3=0

3. Q1=0, Q2=1, and Q3=0

4. Q1=1, Q2=1, and Q3=0

Reference no: EM133082767

Questions Cloud

What are the two equations that comprise a growth model : 1. What are the two equations that comprise a growth model? Identify the parameters and the variables.
Develop and guide strategic plans : How can businesses use economic indicators to develop and guide their strategic plans?
Economic growth in the caribbean : What are the factors affecting economic growth in the Caribbean?
Use of coal in the production of electricity : If restrictions limit the use of coal in the production of electricity, who would be the major beneficiaries? Who bears the costs?
Create dummy variables : Year Q1 Q2 Q3 Q4 2014 . . 1,513 1,060 2015 1,431 1,123 994 679 2016...
Coefficient of relative risk aversion : 2a. For each of the utility functions above, compute the coefficient of absolute risk aversion and the coefficient of relative risk aversion.
Advertising elasticity of demand : Suppose you are selling both a men's and women's version of a new bicycle. Through market research, you have determined 1) that the demand curve for the men's p
Economic efficiency on the education sector : Formulate a research question and statement of the problem on the following topic "Economic Efficiency on the education sector"
What is the sample mean customer satisfaction score : Consumer report uses 100-point customer satisfaction score to rate the nation's major chain stores. Assume that from past experience with the satisfaction ratin

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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