Question: Problem 6-25 Consider the following time series data. Use a multiple regression model with dummy variables as follows to develop an equation to account for

Problem 6-25 Consider the following time series data.

  1. Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data. Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) Value = ___+ ___Qtr1 + ___Qtr2 + ___Qtr3 + ___t
  2. Compute the quarterly forecasts for next year. If required, round your answers to two decimal places. Quarter 1 forecast = ____ Quarter 2 forecast = ____ Quarter 3 forecast = ____ Quarter 4 forecast = ____

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