A consulting firm estimates the following quarterly sales forecasting model: Qt = a +bt +cD The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A consulting firm estimates the following quarterly sales forecasting model: Qt = a +bt +cD The equation is estimated using quarterly data from 2010/2020 (-1... 43). The variable D is a dummy variable for the second quarter where: D-1 in the second quarter, and O otherwise. The results of the estimation are: DEPENDENT VARIABLE: QT R-SQUARE F-RATIO OBSERVATIONS: 43 0.8644 127.5 VARIABLE INTERCEPT T D Multiple Choice No, since 1.86 <2.704 No, since 0.55 <1.86 No, since 102<2.704 Yes, since 186> 0.55 PARAMETER STANDARD ESTIMATE ERROR 22.50 1.86 2.00 Give the above, at the 1 percent level of significance, is there a statistically significant trend in sales? Yes, since 3.38> 2.704 9.32 0.55 0.71 P-VALUE ON T 0.0001 T-RATIOP-VALUE 0.0201 0.0016 2.41 3.38 2.82 0.0075 A consulting firm estimates the following quarterly sales forecasting model: Qt = a +bt +cD The equation is estimated using quarterly data from 2010/2020 (-1... 43). The variable D is a dummy variable for the second quarter where: D-1 in the second quarter, and O otherwise. The results of the estimation are: DEPENDENT VARIABLE: QT R-SQUARE F-RATIO OBSERVATIONS: 43 0.8644 127.5 VARIABLE INTERCEPT T D Multiple Choice No, since 1.86 <2.704 No, since 0.55 <1.86 No, since 102<2.704 Yes, since 186> 0.55 PARAMETER STANDARD ESTIMATE ERROR 22.50 1.86 2.00 Give the above, at the 1 percent level of significance, is there a statistically significant trend in sales? Yes, since 3.38> 2.704 9.32 0.55 0.71 P-VALUE ON T 0.0001 T-RATIOP-VALUE 0.0201 0.0016 2.41 3.38 2.82 0.0075
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Answer To determine if there is a statistically significant trend in sales we need to che... View the full answer
Related Book For
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Posted Date:
Students also viewed these economics questions
-
What are the fundamental mental components driving the development and propagation of implied predispositions in the work environment, and how might associations carry out viable mediations to...
-
Define in your perspective the role and impact of ethics on managerial decision - making and actions.
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Which of the following expressions correctly returns an integer that represents the month of a Local Date object named hireDate? a. GetMonth(hireDate) b. GetMonthValue(hireDate) c....
-
In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to pay the room rent for the full college year. One clause stated that if...
-
The director of marketing for Eclipse Computer Co., Lori Keller, had the following discussion with the company controller, Deon Johnson, on July 26 of the current year: Lori: Deon, it looks like Im...
-
Environment regulations require investments in end-of-pipe technology to clean up pollutants: Explain whether you agree with this statement. Does this mean that a company should not undertake an...
-
You have been assigned to collect thermodynamic data for a new liquid product your company is about to begin manufacturing and you decide to use a continuous-flow technique to generate a correlation...
-
Currently working on Project paper with title "Digital Trade in Malaysia and It's implication to ASEAN country" Base on title above, what is the suitable Dependent variables and Independent...
-
Non-controlling interests of profitable subsidiaries result in a credit item in the income statement and a debit balance in the statement of financial position. True/False
-
Explain why statisticians think the sample variance is a biased estimator of the population variance and how it could be corrected.
-
How might insurance firms help to protect people from the increasing number of climate-related disasters?
-
External auditors collect consulting fees from the same clients they perform independent audits for, which allows good and close relationship with the clients. True/false
-
How might the insurance industry be affected by climate change and other forms of environmental damage? What risks and opportunities are there for the insurance industry?
-
Wall Street analysts often recommended to investors shares of companies that have an investment banking relationship with their firm; yet privately, analysts deride the same companies. True/false
-
Identify the major changes in the workforce that will affect the way managers build a world-class workforce. Why is the knowledge economy so important?
-
The following is a known matrix element for a vector operator Z, namely an eigenstate of angular momentum in the bra state equal to j = 1, 5 < j, m = 0] Z() |j + 1, m = 1 >= in some appropriate...
-
Find a least expensive route, in monthly lease charges, between the pairs of computer centers in Exercise 11 using the lease charges given in Figure 2. a) Boston and Los Angeles b) New York and San...
-
Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Compute the range, interquartile range, variance, and standard deviation.
-
Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a...
-
Refer to the data set in Table. a. What is the average price for the cordless telephones? b. What is the average talk time for the cordless telephones? c. What percentage of the cordless telephones...
-
Restore the file Wild Water Sports Ch 06A (Backup) you downloaded from the student companion site and then save it as Wild Water Sports Ch 06A. If you are asked to setup an external accountant user,...
-
You must have completed Exercise 1 in this chapter to complete this exercise. Restore the backup file you created in Exercise 1. Change the company name to Boston Catering Ch 6 Ex 2. Add the...
-
You must have completed Exercise 1 in this chapter to complete this exercise. Restore the backup file you created in Exercise 1. Change the company name to Boston Catering Ch 6 Ex 3. Add the...
Study smarter with the SolutionInn App