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Instruction 14-6
A local store developed a multiplicative time-series model to forecast its revenues in future quarters, using quarterly data on its revenues during the four-year period from 2005 to 2009. The following is the resulting regression equation:
Where
is the coded quarterly value with in the first quarter of 2005 .
is a dummy variable equal to 1 in the first quarter of a year and 0 otherwise.
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 Instruction 14-6,the estimated quarterly compound growth rate in revenues is around
Representative
Someone who stands in or acts on behalf of others, often in a political, sales, or customer service capacity.
Ethnocentric
The conviction that one's own ethnicity or culture is superior to all others.
Exclusionary
Pertaining to the act or policy of excluding certain people or groups from participating in an activity, institution, or society.
Clinical Research
The in-depth examination of an individual or a group by a clinician who assists with psychological or medical problems.
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