Suppose we have estimated a regression model for Sales (Y) with a time index (t) and suitable
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Suppose we have estimated a regression model for Sales (Y) with a time index (t) and suitable quarterly dummies (D1 = December, D2= March, D3=June) for the period Dec-2012 to Sep-2017
The estimated regression model is as below Y = 600,807.81 + 15407.22 * t + 42981.27 * D1 + -1570.928 * D2 + -93361.07 *D3
If you were told the time index value for March-2018 would be t=22 your forecast for Sep-2018 would be?
a. 938,195.72
b. 600,807.81
c. 598,429.1
d. 643,789.1
e. None of the above
Expert Answer:
Answer rating: 100% (QA)
answer b 60080781 Stepbystep explanation b 60080781 Given estimated ... View the full answer
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