A consulting firm estimates the following quarterly sales forecasting model: Qt=a+bt+cD The equation is estimated using...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A consulting firm estimates the following quarterly sales forecasting model: Qt=a+bt+cD The equation is estimated using quarterly data from 2010/2020 (t=1.... 43). The variable D is a dummy variable for the second quarter where: D=1 in the second quarter, and O otherwise. The results of the estimation are: DEPENDENT VARIABLE: QT R-SQUARE OBSERVATIONS: 43 0.8644 VARIABLE INTERCEPT T D PARAMETER ESTIMATE 22.50 1.86 2.00 F-RATIO 127.5 STANDARD ERROR 9.32 0.55 0.71 P-VALUE ON F 0.0001 T-RATIO P-VALUE 2.41 0.0201 3.38 0.0016 2.82 0.0075 Given the above, at the 1 percent level of significance, is there a statistically significant trend in sales? A consulting firm estimates the following quarterly sales forecasting model: Qt=a+bt+cD The equation is estimated using quarterly data from 2010/2020 (t=1.... 43). The variable D is a dummy variable for the second quarter where: D=1 in the second quarter, and O otherwise. The results of the estimation are: DEPENDENT VARIABLE: QT R-SQUARE OBSERVATIONS: 43 0.8644 VARIABLE INTERCEPT T D PARAMETER ESTIMATE 22.50 1.86 2.00 F-RATIO 127.5 STANDARD ERROR 9.32 0.55 0.71 P-VALUE ON F 0.0001 T-RATIO P-VALUE 2.41 0.0201 3.38 0.0016 2.82 0.0075 Given the above, at the 1 percent level of significance, is there a statistically significant trend in sales?
Expert Answer:
Answer rating: 100% (QA)
a Explain three different approaches to calculate the GDP Which approach should be used in the economy like Pakistan and Why 3 Marks ANS WER 1 Expend ... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
Students also viewed these economics questions
-
Discuss what factors lead to inelastic demand and supply curves. Are they likely to be found together in the same situation?
-
Are some stocks less sensitive to market/systematic factors (recession, depression, war, etc.) than others? Provide some examples. Is there a measure that may allow us to evaluate this? How would we...
-
Patient progress in a health care facility for a certain diagnosis-related group have a few vital characteristics (systolic blood pressure, diastolic blood pressure, total cholesterol, weight)...
-
Karamazov Semiconductors is considering an investment to expand its existing line of business. The investment will cost $10 million and is expected to produce after-tax cash flows of $1 million per...
-
During July, the following occurred: a. Collected $800 from a credit customer. b. Paid $2,500 for equipment purchased on account in June. c. Did work for a client and collected cash; $1,100. d. Paid...
-
Paintball guns were originally developed to mark trees for logging. A forester aims his gun directly at a knothole in a tree that is 4.0 m above the gun. The base of the tree is 20 m away. The speed...
-
An incompressible fluid oscillates harmonically \(\left(V=V_{0} ight.\) \(\sin \omega t\), where \(V\) is the velocity) with a frequency of \(10 \mathrm{rad} / \mathrm{s}\) in a 4-in.-diameter pipe....
-
From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year: a. Accounts Receivable b. Accumulated DepreciationEquipment c. Depreciation...
-
What do you think is important to employees to make them stay and continue with a company through all the growth and changes that can happen?
-
Imax Corporation is a large entertainment technology company, with headquarters in New York and Toronto, and theatres worldwide. Its share price, which was as high as Can.$ 13.89 on the Toronto Stock...
-
Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on 1 August. All purchases are made from registered VAT vendors from whom the business always receives valid...
-
A 1 . 0 5 kg block is attached to a spring with spring constant 1 4 . 5 N / m . While the block is sitting at rest, a student hits it with a hammer and almost instantaneously gives it a speed of 4 1...
-
How do you reverse a linked list in place? Explain? Write an algorithm to reverse a list Input: Head of following linked list 1->2->3->4-> NULL Output: Linked list should be changed to,...
-
1. Why is it better to host an application in the cloud instead of on-prem? 2. What is REST API? How does it differ from SOAP API?
-
Calculate the binding energy per nucleon for Be, 59 Co, 208 pb, and 195 pt. (For the atomic masses, see this table. Enter your answers to at least two decimal places.) (a) Be MeV/nucleon 59 Co...
-
I Q1. There is an independent project of Ocean CO. (corporation) requires calculating Internal Rate of Return. This project cash outflow is $90,000 and the following are the cash inflows after tax...
-
2) Steam enters an adiabatic turbine at 500 psia and 900 F at a flow rate of 480 ft/min. Expansion in the turbine leads to an exit pressure of 20 psia. Calculate the turbine power output (in hp) if...
-
The following processes constitute the air-standard Diesel cycle: 12: isentropic compression,23: constant-volume energy addition (T and P increase),34: constant-pressure energy addition (v...
-
What are the sections of the cash flow statement? Why is it divided this way?
-
What is a journal?
-
What is meant by exception reporting?
-
WorldCom overstated its sales by holding its books open at the close of a reporting period. True/False
-
If a company overstates merger reserves at the time of acquiring another company, it can release the surplus reserves into earnings in a later period without decreasing net income at the time of the...
-
WorldCom prepared its financial statements to meet the expectations of securities analysts despite needing to report actual earnings and accurate financial results. True/False
Study smarter with the SolutionInn App