A Forecaster Used the Regression Equation and Quarterly Sales

question 24

Multiple Choice

A forecaster used the regression equation and quarterly sales data for 1996I-2013IV t = 1,...,64) for an appliance manufacturer to obtain the results shown below.Q is quarterly sales,and and are dummy variables for quarters I,II,and III. At the 5 percent level of significance,is there a statistically significant trend in sales?

• A)No,because 1.5 < 2.66.
• B)No,because 1.5 < 2.00.
• C)No,because 2.14 < 2.66.
• D)Yes,because 2.14 > 2.00.
• E)none of the above

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