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TABLE 16-13 A Local Store Developed a Multiplicative Time-Series Model to Forecast

Question 120

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TABLE 16-13
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation:
TABLE 16-13 A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation: -Referring to Table 16-13, to obtain a forecast for the third quarter of 2010 using the model, which of the following sets of values should be used in the regression equation? A) X = 22, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 0 B) X = 22, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 1 C) X = 23, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 0 D) X = 23, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 1
TABLE 16-13 A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the 4-year period from 2005 to 2009. The following is the resulting regression equation: -Referring to Table 16-13, to obtain a forecast for the third quarter of 2010 using the model, which of the following sets of values should be used in the regression equation? A) X = 22, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 0 B) X = 22, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 1 C) X = 23, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 0 D) X = 23, Q<sub>1</sub> = 0, Q<sub>2</sub> = 0, Q<sub>3</sub> = 1
-Referring to Table 16-13, to obtain a forecast for the third quarter of 2010 using the model, which of the following sets of values should be used in the regression equation?


A) X = 22, Q1 = 0, Q2 = 0, Q3 = 0
B) X = 22, Q1 = 0, Q2 = 0, Q3 = 1
C) X = 23, Q1 = 0, Q2 = 0, Q3 = 0
D) X = 23, Q1 = 0, Q2 = 0, Q3 = 1

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