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Construct a time series plot. What type of pattern exist in the data? Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data: Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2
01 / 10 / 2021
Assignment
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Consider the following time series data.
- Construct a time series plot. What type of pattern exist in the data?
- Use the following dummy variables to develop an estimated regression
equation to account for any seasonal and linear trend 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.
- Compute the quarterly forecasts for next year