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    Business Statistics in Practice Study Set 2
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    Exam 16: Time Series Forecasting
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    Consider the Following Set of Quarterly Sales Data Given in Thousands
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Consider the Following Set of Quarterly Sales Data Given in Thousands

Question 114

Question 114

Essay

Consider the following set of quarterly sales data given in thousands of dollars. Consider the following set of quarterly sales data given in thousands of dollars.   Write an appropriate dummy variable model that incorporates a linear trend and constant seasonal variation. Write an appropriate dummy variable model that incorporates a linear trend and constant seasonal variation.

Correct Answer:

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y (t)= B0 + B1t + BQ1(Q1)+ BQ2(Q2)+ BQ3(Q3)+ Et
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