Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Prediction the value of Y for the 1st quarter of 1999.

describe a contractor developed a multiplicative time series model to forecast the number of contracts in future quarters, using quarterly data on number of contracts during the 3-year period from 1996 to 1998.  The following is the resulting regression equation:

Y = 3.35 + .117Time - .083Q1 + 1.28Q2 + .617Q3

where Y is the number of contracts in a quarter; Time is a linear time trend measured in quarters from January 1996, Q1 is a dummy categorical variable equal to 1 in the first quarter and 0 otherwise (see pg. 206 for a discussion of categorical variables); Q2 is a dummy variable equal to 1 in the second quarter and 0 otherwise; and Q3 is a final dummy variable equal to 1 in the third quarter and 0 otherwise.

What is the forecast for the first quarter (Q1) for 1999?

a. 5.477

b. 6.477

c. 4.788

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922421

Have any Question? 


Related Questions in Statistics and Probability

Risk taking is an important part of investing in order to

Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financi ...

Linear regression and the fitting-lineexercise 1 the

Linear Regression and the "fitting-line" Exercise 1: The following table shows how many weeks six persons have worked at an automobile inspection station and the number of cars each one inspected between 3 p.m. and 5 p.m ...

1 why do researchers calculate the coefficient of

1. Why do researchers calculate the coefficient of determination? 2. What does a coefficient of determination of .40 indicate?

Using the table of random numbers in appendix a-1 draw a

Using the table of random numbers in Appendix A-1, draw a stratified random sample of 10 boys and 10 girls from the following population: Ed Dale Eleanor Carlos Betsy Elisha Kevin Collin Raji Chris Milou Richard Tom Ryan ...

When researchers set their alpha level at 05 they reject

When researchers set their alpha level at .05, they reject the null hypothesis (and conclude that the independent variable has an effect) only if there is less than a 5% chance that the differences among the means are du ...

The probability that a light bulb of a given brand is

The probability that a light bulb of a given brand is faulty is .1. You want to find the probability that fewer than 5% of a shipment of 1000 light bulbs is faulty. Use the Binomial Distribution to determine this.

1 what is a restricted range and what effect does it have

1. What is a restricted range, and what effect does it have on correlation coefficients? How would you detect and correct a restricted range? 2. How do we know whether a particular score is an outlier?

The 1930s and the great depression with the complete

The 1930s and the Great Depression: With the complete collapse of the American economy, the people of the United States explored many possible solutions and then settled on one. What are all of the options that were in p ...

Using the confidence interval when conducting a two-tailed

Using the confidence interval when conducting a two-tailed test for the population proportion p, we reject the null hypothesis if the hypothesized value for p falls inside the confidence interval.

An accounting professor is notorious for being stingy in

An accounting professor is notorious for being stingy in giving out good letter grades. In a large section of 140 students in the fall semester, she gave out only 5% As, 23% Bs, 42% Cs, and 30% Ds and Fs. Assuming that t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen