Regression Analysis with T = 1 to 40 Was Used $=1500+5 t+1.5 Q_{1}+1.8 Q_{2}-3.0 Q_{3}$

question 112

Essay

Regression analysis with t = 1 to 40 was used to develop the following equation: $=1500+5 t+1.5 Q_{1}+1.8 Q_{2}-3.0 Q_{3}$ ,
where: $Q _ { i }$ = 1, if quarter i (i = 1, 2, 3)
= 0, otherwise.
Forecast the next four quarters.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and planning.

Customers Served

The number of customers who have received services or goods from a business.

Revenue Formulas

Mathematical expressions or models used to calculate a company's earnings from its operations over a period.

Planning Budget

A forecast of income and expenditure over a specified future period, used to guide the financial direction of a business.