A statistical program is recommended Cander the wing Quarter Year 1 Year 3 Year 3 T 71 62 2 50 3 4 " 22 " D) Construct a time series p www 123412341334 Year 1 Year Year Quarter Year 3 www 123413341234 Year 1 Year 2 TrQuarter 3 98 123412341234 Year Year Quarter Year 3 123412341234 Year 1 Year Year Quarter Year 3 What type of pattern exists in the data? O The time series plot shows a horizontal pattern with no seasonal pattern present. O The time series plot shows a horizontal pattern, but there is also a seasonal pattern in the data. The time series plot shows a trend pattern with no seasonal pattern present. The time series plot shows a trend pattern, but there is also a seasonal pattern in the data. (b) Use the following dummy variables to develop an estimated regression equation to account for seasonal effects in the data: x1 if quarter 1, 0 otherwise; X2-1 if quarter 2, 0 otherwise; x, 1 if quarter 3, 0 otherwise. (c) Compute the quarterly forecasts for next year. quarter 1 forecast quarter 2 forecast quarter 3 forecast quarter 4 forecast