A Forecaster Used the Regression Equation and Quarterly Sales

question 64

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)Yes,because 0.0362 < 0.05.
• B)No,because 0.0362 > 0.01.
• C)Yes,because 0.700 > 0.05.
• D)Yes,because 2.14 >0.05.
• E)both c and d

---

Definitions:

Active Discovery

A learning process where individuals engage directly with the environment to uncover information through hands-on experiences.

Developmental Level

A measurement of the progress of growth or advancement in physical, emotional, intellectual, or social skills.

Piaget

A psychologist known for his pioneering work in child development, specifically for his theory of cognitive development that describes how children construct a mental model of the world.

Seriation

The ability to arrange objects in order by size, location, or another characteristic, which is a crucial cognitive development skill in children.