Refer to the quarterly appliance sales data given in the following table. Consider the following model: Sales
Question:
Salesi = α1 + α2D2i + α3D3i + α4D4i + ui
where the Ds are dummies taking 1 and 0 values for quarters II through IV.
a. Estimate the preceding model for dishwashers, disposers, and washing machines individually.
b. How would you interpret the estimated slope coefficients?
c. How would you use the estimated αÌs to deseasonalize the sales data for individual appliances?
Transcribed Image Text:
WASH DISH DISP FRIG DUR DISH DISP FRIG WASH DUR 841 798 1317 1271 252.6 480 706 943 1036 247.7 1295 582 1175 249.1 957 837 1615 272.4 530 1019 270.9 273.9 999 960 821 1662 1313 557 659 1269 1047 251.8 973 262 858 1295 1150 1289 602 837 918 894 1271 1137 1167 837 268.9 658 867 1102 263.3 851 838 1555 1245 262.9 749 860 1344 280 863 832 1639 1270 270.9 827 918 1641 1230 288.5 818 868 300.5 878 1238 1103 263.4 858 808 1017 1225 1081 792 1277 1273 260.6 1063 1429 1326 312.6 589 623 1258 1031 231.9 840 955 1699 1228 322.5 1297 657 662 1417 1143 242.7 893 973 1749 324.3 1185 699 822 1101 248.6 950 1096 1117 1198 333.1 675 871 1196 1181 258.7 838 1086 1242 1292 344.8 652 628 791 1410 1116 248.4 884 990 1684 1342 350.3 759 1417 1190 255.5 905 1028 1764 1323 369.1 529 734 919 1125 240.4 909 1003 1328 1274 356.4
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a We present the results for the three appliances in the following tabular ...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The demand for chicken in the United States, 19601982. To study the per capita consumption of chicken in the United States, you are given the data in the following table, where Y = per capita...
-
Consider the following regression results (t ratios are in parentheses): where Y = wifes annual desired hours of work, calculated as usual hours of work per year plus weeks looking for work X 2 =...
-
Refer to Exercise 7.24 and the data in the following table concerning four economic variables in the U.S. from 19472000. a. Based on the regression of consumption expenditure on real income, real...
-
1. What are the four basic types of unemployment? Which type is most pronounced during difficult economic times such as we have been experiencing during the last few years? Which type is most...
-
A company has a proposed 2-year project with the cash flows shown below and would like to calculate the NPV of this project so that they can decide whether to pursue the project or not. The company...
-
Operating profit margins The following extracts show the different ways in which three companies report their operating profit margins (operating profit as a percentage of sales). This ratio is an...
-
What is the difference between an accountor and an accountee? Is it important for the needs of both to be taken into account when designing an accounting system? Provide reasons for your view.
-
Determine the components of the reactions at A and E when a counterclockwise couple of magnitude120 N m is applied to the frame (a) At B, (b) At D. 100mm - 400 mm 250 m
-
hePrescott Company is assessing its labor costs for the past fiscal year.During the fiscal year, Prescott reported the following information: Standard Hours10,000 Actual Hours12,000 Standard wages...
-
1. Why do you think Hormel acquired Justins to add to the strength of its peanut and nut butter offerings and to add a product to its portfolio that appealed to a younger, more health-conscious...
-
Propose an efficient synthesis for the following transformation.
-
Consider the following model Y i = 1 + 2 D i + X i + u i where Y = annual salary of a college professor X = years of teaching experience D = dummy for gender Consider three ways of defining the...
-
Slater Slopes is a newly formed ski resort partnership with a natural business year ending May 31. The ownership and tax years of its three partners are as follows: Partner Partnership Interest Tax...
-
When planning an operational audit, the auditor should consider the risk of a. Inefficient operations. b. Misleading financial statements. c. Inadequate internal controls. d. Lawsuits for inadequate...
-
Describe the differences between a state board of public accountancy, a state society of certified public accountants, and the American Institute of Certified Public Accountants.
-
What are the three common components of the states' rules on becoming a CPA?
-
In an operational audit of the tax department you found that certain officers were abusing some of their executive perquisites and that this abuse may have a tax effect for the company. The tax...
-
Describe the five-stage process of issuing Auditing Standards Board pronouncements.
-
In the spot market 12.8 pesos can be exchanged for one Canadian dollar. A DVD costs $15 in Canada. If purchasing power parity holds, what should be the price of the same DVD in Mexico?
-
Graph the following conic sections, labeling vertices, foci, directrices, and asymptotes (if they exist). Give the eccentricity of the curve. Use a graphing utility to check your work. 10 5 + 2 cos 0
-
How does perception affect the decision-making process?
-
Describe the steps of the rational decision-making process. Use buying a car as an example.
-
How does decisionmaking under bounded rationality differ from that done under rational decisionmaking ?
-
A refiner has on hand 25,596 gallons of fuel oil. He must decide whether to sell it as fuel oil or crack it into gasoline and residual fuel. The following facts are available. Current Prices Fuel Oil...
-
Hrubec Products, Inc., operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: Selling price $23...
-
On the first day of the fiscal year, a company issues a $7,300,000, 11%, 8-year bond that pays semiannual interest of $401,500 ($7,300,000 x 11% x 2), receiving cash of $7,695,578. Journalize the...
Study smarter with the SolutionInn App