Use the Estimated Regression Equation Y_t = 448 + 12t

question 65

Multiple Choice

Use the estimated regression equation y_t = 448 + 12t + 18 Qtr1 - 26 Qtr2 + 3 Qtr3 to make a forecast for period 13. The regression model has three quarterly binaries (0 or 1) . The model was fitted to 12 periods of quarterly data, starting with the first quarter.

• A)588
• B)476
• C)622
• D)No forecast is possible without knowing R².

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