In forecasting a quarterly time series over the five-year period from the first quarter of 2013 through the fourth quarter of 2017, the exponential trend forecasting equation is given by

where quarter zero is the first quarter of 2013. Take the antilog of the appropriate coefficient from this equation and interpret the

a. Y intercept, b̂₀.

b. Quarterly compound growth rate. 

c. Second-quarter multiplier.

Transcribed Image Text:

log î = 3.0 + 0.10X, – 0.25Q + 0.20Q2 + 0.15Q3