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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!