Multiple Choice
refer to the following:
The manufacturer of Beanie Baby dolls used quarterly price data for 2002I - 2010IV (t = 1, ..., 36) and the regression equation
to forecast doll prices in the year 2011. Pt is the quarterly price of dolls, and D1t , D2t and D3t are dummy variables for quarters I, II, and III, respectively.
-The estimated QUARTERLY increase in price is ______, and the estimated ANNUAL increase in price is ______ .
A) $1.50; $6.00
B) $1.40; $4.00
C) $0.60; $2.40
D) $0.80; $3.20
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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