Question: For this problem use the data in the worksheet named below. The data shows the quarterly energy bills for a school system in units of
For this problem use the data in the worksheet named below.
The data shows the "quarterly" energy bills for a school system in units of $1000.
Answer the following questions.
| t | Quarter | y |
| 1 | 1 | 344.39 |
| 2 | 2 | 246.63 |
| 3 | 3 | 131.53 |
| 4 | 4 | 298.87 |
| 5 | 1 | 313.45 |
| 6 | 2 | 189.76 |
| 7 | 3 | 179.10 |
| 8 | 4 | 221.10 |
| 9 | 1 | 246.84 |
| 10 | 2 | 209.00 |
| 11 | 3 | 51.21 |
| 12 | 4 | 133.89 |
| 13 | 1 | 277.01 |
| 14 | 2 | 197.98 |
| 15 | 3 | 50.68 |
| 16 | 4 | 218.08 |
| 17 | 1 | 365.10 |
| 18 | 2 | 207.51 |
| 19 | 3 | 54.63 |
| 20 | 4 | 214.09 |
| 21 | 1 | 267.00 |
| 22 | 2 | 230.28 |
| 23 | 3 | 230.32 |
| 24 | 4 | 436.41 |
| 25 | 1 | 467.06 |
| 26 | 2 | 306.03 |
| 27 | 3 | 253.23 |
| 28 | 4 | 279.46 |
| 29 | 1 | 336.56 |
| 30 | 2 | 196.67 |
| 31 | 3 | 152.15 |
| 32 | 4 | 319.67 |
| 33 | 1 | 440.00 |
| 34 | 2 | 315.04 |
| 35 | 3 | 216.42 |
| 36 | 4 | 339.78 |
| 37 | 1 | 434.66 |
| 38 | 2 | 399.66 |
| 39 | 3 | 330.80 |
| 40 | 4 | 539.78 |
1.Plot the data and fit a 2nd degree polynomial trend line. What are the estimated coefficient values for b2, b1 and b0, respectively?
Group of answer choices
0.2998, -7.6987, 258.91
0.3093, -8.1805, 262.07
0.3056, -7.9321, 259.49
0.3093, -8.1805, 262.07
2.What is the coefficient of determination?
Group of answer choices
0.3325
0.338
0.3253
0.3429
3. We decide to fit the following seasonal polynomial model on the consumption data.
yt = b0 + b1 t + b2 t2 + b3 DQ1 + b4 DQ2 + b5 DQ3 +
Add the required variables to the dataset and run a multiple regression model.
What values do you get for b1, b2 and b5, respectively?
Group of answer choices
-7.500, 0.302, -129.641
-7.458, 0.301, -127.611
-7.253, 0.296, -129.645
-7.746, 0.305, -131.732
4.Are all the coefficients significant at 95% confidence level?
Group of answer choices
Yes, they are all significant
Yes, except DQ1, DQ2 and DQ3
No, none are significant
Yes, except DQ2
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