Question: in excel with steps please 23. Consider the following time series data: Quarter Year 1 Year 2 Year 3 un a. Construct a time series

in excel with steps please
23. Consider the following time series data: Quarter Year 1 Year 2 Year 3 un a. Construct a time series plot. What type of pattern exists in the data? b. Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data: Ctrl = 1 if quarter 1, O otherwise; Qtr2 - 1 if quarter otherwise; Qtr3 - 1 if quarter 3.0 otherwise. c. Compute the quarterly forecasts for next year based on the model you developed in part (b). d. Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects and create a variable ! such that t = 1 for quarter 1 in year 1,12 for quarter 2 in year 1, ...1= 12 for quarter 4 in year 3. e. Compute the quarterly forecasts for next year based on the model you developed in part (d). f. Is the model you developed in part (b) or the model you developed in part (d) more effective? Justify your answer. 23. Consider the following time series data: Quarter Year 1 Year 2 Year 3 un a. Construct a time series plot. What type of pattern exists in the data? b. Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data: Ctrl = 1 if quarter 1, O otherwise; Qtr2 - 1 if quarter otherwise; Qtr3 - 1 if quarter 3.0 otherwise. c. Compute the quarterly forecasts for next year based on the model you developed in part (b). d. Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects and create a variable ! such that t = 1 for quarter 1 in year 1,12 for quarter 2 in year 1, ...1= 12 for quarter 4 in year 3. e. Compute the quarterly forecasts for next year based on the model you developed in part (d). f. Is the model you developed in part (b) or the model you developed in part (d) more effective? Justify yourStep by Step Solution
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