Table 3 gives the actual sales, log of sales, and changes in the log of sales of

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Table 3 gives the actual sales, log of sales, and changes in the log of sales of Cisco Systems for the period 1Q:2001 to 4Q:2001.

TABLE 3 Changes in Log of Sales Aln (Sales,) Date Actual Sales ($ Millions) Quarter: Year Log of Sales 1Q:2001 6,519 8.7

Forecast the first- and second-quarter sales of Cisco Systems for 2002 using the regression Î”ln (Sales t) = 0.0661 + 0.4698Î”ln (Salestˆ’1).

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Quantitative Investment Analysis

ISBN: 978-1119104223

3rd edition

Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle

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Question Posted: Mar 21, 2018 06:07 AM

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Table 3 gives the actual sales, log of sales, and changes in the log of sales of

Question:

TABLE 3 Changes in Log of Sales Aln (Sales,) Date Actual Sales ($ Millions) Quarter: Year Log of Sales 1Q:2001 6,519 8.7825 0.1308 2Q:2001 8.8170 6,748 0.0345 3Q:2001 4,728 8.4613 -0.3557 4Q:2001 -0.0954 4,298 8.3659 1Q:2002 2Q:2002

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The forecast of sales is 4391 million for the first quarter of 2002 and 4738 million for the second ...View the full answer

Quantitative Investment Analysis

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