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TABLE 16-12 A Local Store Developed a Multiplicative Time-Series Model to Forecast

question 24

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TABLE 16-12
A local store developed a multiplicative time-series model to forecast its revenues in future quarters,using quarterly data on its revenues during the 5-year period from 2008 to 2012.The following is the resulting regression equation:
log10
TABLE 16-12 A local store developed a multiplicative time-series model to forecast its revenues in future quarters,using quarterly data on its revenues during the 5-year period from 2008 to 2012.The following is the resulting regression equation: log<sub>10</sub> <sub> </sub> = 6.102 + 0.012 X - 0.129 Q<sub>1</sub> - 0.054 Q<sub>2</sub> + 0.098 Q<sub>3</sub> where is the estimated number of contracts in a quarter X is the coded quarterly value with X = 0 in the first quarter of 2008 Q<sub>1</sub> is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise Q<sub>2</sub> is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise -Referring to Table 16-12,to obtain the fitted value for the first quarter of 2012 using the model,which of the following sets of values should be used in the regression equation? A) X = 16,Q<sub>1</sub> = 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 B) X = 16,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 C) X = 17,Q<sub>1 </sub>= 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 D) X = 17,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 = 6.102 + 0.012 X - 0.129 Q1 - 0.054 Q2 + 0.098 Q3
where TABLE 16-12 A local store developed a multiplicative time-series model to forecast its revenues in future quarters,using quarterly data on its revenues during the 5-year period from 2008 to 2012.The following is the resulting regression equation: log<sub>10</sub> <sub> </sub> = 6.102 + 0.012 X - 0.129 Q<sub>1</sub> - 0.054 Q<sub>2</sub> + 0.098 Q<sub>3</sub> where is the estimated number of contracts in a quarter X is the coded quarterly value with X = 0 in the first quarter of 2008 Q<sub>1</sub> is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise Q<sub>2</sub> is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise -Referring to Table 16-12,to obtain the fitted value for the first quarter of 2012 using the model,which of the following sets of values should be used in the regression equation? A) X = 16,Q<sub>1</sub> = 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 B) X = 16,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 C) X = 17,Q<sub>1 </sub>= 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 D) X = 17,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 is the estimated number of contracts in a quarter
X is the coded quarterly value with X = 0 in the first quarter of 2008
Q1 is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise
Q2 is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise TABLE 16-12 A local store developed a multiplicative time-series model to forecast its revenues in future quarters,using quarterly data on its revenues during the 5-year period from 2008 to 2012.The following is the resulting regression equation: log<sub>10</sub> <sub> </sub> = 6.102 + 0.012 X - 0.129 Q<sub>1</sub> - 0.054 Q<sub>2</sub> + 0.098 Q<sub>3</sub> where is the estimated number of contracts in a quarter X is the coded quarterly value with X = 0 in the first quarter of 2008 Q<sub>1</sub> is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise Q<sub>2</sub> is a dummy variable equal to 1 in the second quarter of a year and 0 otherwise is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise -Referring to Table 16-12,to obtain the fitted value for the first quarter of 2012 using the model,which of the following sets of values should be used in the regression equation? A) X = 16,Q<sub>1</sub> = 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 B) X = 16,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 C) X = 17,Q<sub>1 </sub>= 1,Q<sub>2 </sub>= 0,Q<sub>3 </sub>= 0 D) X = 17,Q<sub>1</sub> = 0,Q<sub>2 </sub>= 1,Q<sub>3 </sub>= 0 is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise
-Referring to Table 16-12,to obtain the fitted value for the first quarter of 2012 using the model,which of the following sets of values should be used in the regression equation?

Definitions:

Bond Indenture

A legal contract between a bond issuer and bondholders specifying the terms of the bond, such as the maturity date, rate of interest, and collateral, if any.

Market Rate

The prevailing interest rate available in the marketplace for instruments of similar risk and maturity.

Administrative Costs

Expenses related to the general operation of an organization, including salaries of non-sales personnel, rent, utilities, and supplies.

Tradable Pollution Rights

Environmental policy tool allowing companies or entities to buy, sell, and trade emissions allowances, aiming to control and reduce overall pollution in a cost-effective manner.

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