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Prepare a table showing sales

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Table gives the retail sales (in billions of 1996 dollars) of the United States from the first quarter of 1995 to the fourth quarter of 1999. (a) Prepare a table showing sales, a time trend, and dummy variables to take into account seasonal effects. (b) Using the data from the table in part a, run a regression of sales on inventories and the seasonal dummies and interpret the results.

Table Retail Sales in the United States (in Billions of 1996 $)

 

Sales quarter year

540.5

608.5

606.6

648.3

568.4

632.8

626.0

674.6

587.0

640.2

I

II

III

IV

I

II

III

IV

I

II

1995

1996

1997

 

Sales quarter year

645.9

686.9

597.0

675.3

663.6

723.3

639.5

716.5

721.9

779.9

III

IV

I

II

III

IV

I

II

III

IV

1997

1998

1999

Reference no: EM13891743

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