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A Local Newspaper That Appears Six Days Per Week Wanted =2000+0.6t150D140D2= 2000 + 0.6 t - 150 D _ { 1 } - 40 D _ { 2 }

Question 4

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A local newspaper that appears six days per week wanted to forecast two-day revenues from its business services classified ads section. The revenues (in $1000s) were recorded for the past 52 weeks. From these data, the following regression equation was computed:  A local newspaper that appears six days per week wanted to forecast two-day revenues from its business services classified ads section. The revenues (in $1000s) were recorded for the past 52 weeks. From these data, the following regression equation was computed:   = 2000 + 0.6 t - 150 D _ { 1 } - 40 D _ { 2 }  , t = 1, 2, 3,…156, where:  D _ { 1 }  = 1, if Monday or Tuesday = 0, otherwise.  D _ { 2 }  = 1, if Wednesday or Thursday = 0, otherwise. Forecast the two-day revenues for the next week. =2000+0.6t150D140D2= 2000 + 0.6 t - 150 D _ { 1 } - 40 D _ { 2 } , t = 1, 2, 3,…156,
where: D1D _ { 1 } = 1, if Monday or Tuesday
= 0, otherwise. D2D _ { 2 } = 1, if Wednesday or Thursday
= 0, otherwise.
Forecast the two-day revenues for the next week.

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