Instruction 14-5
a Local Store Developed a Multiplicative Time-Series Model $\hat { Y }$

question 67

Short Answer

Instruction 14-5
A local store developed a multiplicative time-series model to forecast its revenues in future quarters,using quarterly data on its revenues during the 4-year period from 2005 to 2009.The following is the resulting regression equation:
log 10 $\hat { Y }$ = 6.102 + 0.012 X - 0.129 Q₁ - 0.054 Q₂ + 0.098 Q₃
Where
$\hat { Y }$ is the estimated number of contracts in a quarter
X is the coded quarterly value with X = 0 in the first quarter of 2005.
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.
Q₃ is a dummy variable equal to 1 in the third quarter of a year and 0 otherwise.
-Referring to Instruction 14-5,using the regression equation,what is the forecast for the revenues in the fourth quarter of 2004?

Realize the role of formalization in organizational procedures and rules.

Identify the sources of resistance to change and strategies to overcome them.

Appreciate the benefits and drawbacks of different organizational models such as bureaucracy, organic, and mechanistic structures.

Recognize the components of organizational structures such as chain of command and how they define authority and workflow within organizations.

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Definitions:

Early 1930s

A period marked by the Great Depression, characterized by widespread economic hardship, high unemployment, and deflation.

Civil War

A war between citizens of the same country.

Sun Belt

A region in the United States generally considered to stretch across the Southeast and Southwest, characterized by warm climate, rapid population growth, and vibrant economies.

Central Cities

Principal cities in a metropolitan area, typically containing a significant portion of the region's employment and amenities.