Exhibit 11.12 The Following Questions Use the Data Below

question 31

Multiple Choice

Exhibit 11.12
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using a seasonal regression model. The store has collected 12 quarters of data and needs your help to analyze the data. The relevant regression output is provided in the following table.
-Refer to Exhibit 11.12. What formula should be entered in cell E3 to compute the value for the indicator variable for year 1 Quarter 1?

• A) =IF($B$3<>$E$2,1,0)
• B) =IF($B3=E$2,1)
• C) =IF($B$3=$E$2,0,1)
• D) =IF($B3=E$2,1,0)

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Definitions:

Abstraction

The process of extracting the underlying essence or general patterns from specific instances or material representations, often used in the fields of art, mathematics, and philosophy.

Nostalgia

A sentimental longing or wistful affection for the past, often evoked by products or marketing that remind one of earlier times.

Campbell Soup Company

An American processed food and snack company, known especially for its canned soups and related products.

Imagery

The use of vivid or figurative language to represent objects, actions, or ideas, often used in literature and psychology to evoke sensory experiences.