Multiple Choice
A time series regression equation for a surfboard manufacturing company in Australia is given below: yt = 35 + 4Q1 + 0.5Q3 + 8Q4 + 3t
With t in quarters, the origin is December 2010 and Q1 is the indicator variable for March, Q3 is the indicator variable for September and Q4 is the indicator variable for December.
Which of the following is the correct value of the estimate for the number of surfboards sold by this manufacturing company in June 2013?
A) 68
B) 77.5
C) 65
D) None of these choices are correct
Correct Answer:
Verified
Correct Answer:
Verified
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