The quarterly seasonal indexes for a firm’s electricity consumption are 115, 92, 81, and 112 for quarters I–IV. It has been forecast that electricity consumption will be 850,000 kilowatt-hours during 2014. Forecast electricity consumption for each quarter of 2014.
Answer to relevant QuestionsHow do the MAD and MSE criteria differ in their approach to evaluating the fit of an estimation equation to a time series? What is the Durbin-Watson test for autocorrelation, and how can it be useful in evaluating the relevance of a given regression model that has been fitted to a set of time series data? Fit a linear trend equation to the following data describing average hourly earnings of U.S. production workers. What is the trend estimate for 2013? Fit a linear trend equation to the following data describing the number of active U.S. Army personnel from 2001 through 2007. What is the trend estimate for 2015? Given the time series in Exercise 18.65, and using exponential smoothing with α = 0.5, what would have been the forecast for 2009? In exercise
Post your question