Refer to the hudson Marine problem in exercise 52. Suppose the quarterly sales values for the seven
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a. Use the following dummy variables to develop an estimated regression equation to account for any season and linear trend effects in the data: Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; and Qtr3 = 1 if Quarter 3, 0 otherwise.
b. Compute the quarterly forecasts for next year.
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a A portion of the Minitab regression output follows Coefficients T...View the full answer
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Related Book For 
Statistics For Business & Economics
ISBN: 9781305585317
13th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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