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The Manufacturer of Beanie Baby Dolls Used Quarterly Price Data Pt=a+bt+c1D1t+c2D2t+c3D3tP _ { t } = a + b t + c _ { 1 } D 1 _ { t } + c _ { 2 } D 2 _ { t } + c _ { 3 } D 3 _ { t }

question 23

Multiple Choice

The manufacturer of Beanie Baby dolls used quarterly price data for 2012I - 2020IV (t = 1,...,36) and the regression equation Pt=a+bt+c1D1t+c2D2t+c3D3tP _ { t } = a + b t + c _ { 1 } D 1 _ { t } + c _ { 2 } D 2 _ { t } + c _ { 3 } D 3 _ { t } to forecast doll prices in the year 2021. PtP _ { t } is the quarterly price of dolls,and D1t,D2tD 1 _ { t } , D 2 _ { t } and D3tD 3 _ { t } are dummy variables for quarters I,II,and III,respectively.  The manufacturer of Beanie Baby dolls used quarterly price data for 2012I - 2020IV (t = 1,...,36) and the regression equation  P _ { t } = a + b t + c _ { 1 } D 1 _ { t } + c _ { 2 } D 2 _ { t } + c _ { 3 } D 3 _ { t }  to forecast doll prices in the year 2021.  P _ { t }  is the quarterly price of dolls,and  D 1 _ { t } , D 2 _ { t }  and  D 3 _ { t }  are dummy variables for quarters I,II,and III,respectively.   The estimated QUARTERLY increase in price is ______,and the estimated ANNUAL increase in price is ______ . A) $1.50; $6.00 B) $1.40; $4.00 C) $0.60; $2.40 D) $0.80; $3.20 E) none of the above The estimated QUARTERLY increase in price is ______,and the estimated ANNUAL increase in price is ______ .


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