To classify the quarter that has the greatest seasonality

Assignment Help Basic Statistics

Reference no: EM1319058

To classify the quarter that has the greatest seasonality.

A contractor developed a multiplicative time series model to predict the number of contracts in future quarters, using quarterly data on number of contracts during the 3-year period from 1996 to 1998. The following is the resulting regression equation:

Y = 3.35 + .117Time - .083Q1 + 1.28Q2 + .617Q3

where Y is the number of contracts in a quarter; Time is a linear time trend measured in quarters from January 1996, Q1 is a dummy categorical variable equal to 1 in the first quarter and 0 otherwise (see pg. 206 for a discussion of categorical variables); Q2 is a dummy variable equal to 1 in the second quarter and 0 otherwise; and Q3 is a final dummy variable equal to 1 in the third quarter and 0 otherwise.

Which quarter exhibits the greatest seasonality?

a. Q1

b. Q2

c. Q3

d. Q4

What is the forecast for the first quarter (Q1) for 1999?

a. 5.477

b. 6.477

c. 4.788

d. 5.871

The number of contracts per quarter have a(n):

a. negative trend.

b. positive trend.

c. quadratic trend.

d. exponential trend.

Reference no: EM1319058

Questions Cloud

Spot the type of forecasting approach for limited historical : If historical time series data is very limited, what type of forecasting approach would be useful.

Illustrate what is the amount of producer surplus : If quantity is 20 also if producers receive the seller's price for to output illustrate what is the amount of Producer Surplus.

Solve the formula for following variable : Solve the formula for following variable.

Probability by using combination : A certain model of remote-control Stanley garage door opener has nine binary (off/on) switches. The homeowner can set any code sequence.

To classify the quarter that has the greatest seasonality : A contractor developed a multiplicative time series model to predict the number of contracts in future quarters, using quarterly data on number of contracts during the 3-year period from 1996 to 1998.

Case study of palomar paper products : Palomar Paper Products purchased land in 1993 for $15,000 cash. The company has held the land since that time. In 2011 Palomar purchased another tract of land for $15,000 cash. Assume that prices in general increased by 60% from 1993 to 2011.

Clancy buys a coupon to pays when sullivan : If Clancy buys a coupon to pays when Sullivan wins Illustrate what is the induced lottery to he faces. Illustrate what is its expected value.

Solve fraction for y : Solve fraction for Y

What is the forecast for month 11 : Evaluate 2-month moving average and Exponential smoothing by MAD.

User Account

All Pages