Question: Homework four Due Oct. 6th. THIS IS A GROUP ASSIGNMENT. Please submit a hard copy that includes the R scripts, abbreviated outputs and answers /

 Homework four Due Oct. 6th. THIS IS A GROUP ASSIGNMENT. Please
submit a hard copy that includes the R scripts, abbreviated outputs and

Homework four Due Oct. 6th. THIS IS A GROUP ASSIGNMENT. Please submit a hard copy that includes the R scripts, abbreviated outputs and answers / explanations to the questions. 1. The data set fancy (you need to library the fpp package to get the dataset) concerns the monthly sales gures of a shop which opened in January 1987 and sells gifts, souvenirs, and novelties. The sales volume varies with the seasonal population of tourists. (a) Produce a time plot of the data and describe the patterns in the graph. Identify any unusual or unexpected uctuations in the time series. (b) Use R function tslm to t a regression model to the logarithms of these sales data with a linear trend and seasonal component. (c) Use multiple regression with trend variable and seasonal dummy variables to redo the regression as shown in the lecture example. Check to see that you obtain the same results as tslm

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!