Question: Question 14 5.5 pts Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6 7 2 2 3 6

Question 14 5.5 pts Consider the following time

Question 14 5.5 pts Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6 7 2 2 3 6 3 3 5 6 4 5 7 8 a. Construct a time series plot. What type of pattern exists in the data? Trend and Seasonal Pattern Horizontal Pattern O O O O Trend Pattern Seasonal Pattern Question 15 5.5 pts b. Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data: Qtr 1 = 1 if Quarter 1,0 otherwise; Qtr2 = 1 if Quarter 2,0 otherwise; Qtr3 = 1 if Quarter 3,0 otherwise. What is the forecast for quarter 1 of next year? 9.58 8.32 8.92 9.21 Question 16 5.5 pts c. What is the forecast for quarter 2 of next year? 7.23 7.45 6.41 6.91

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