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1. Use multiple regression model with dummy variables as follows to account for the seasonal effects in the data as follows Qtr 1=1 if Qtr
1. Use multiple regression model with dummy variables as follows to account for the seasonal effects in the data as follows Qtr 1=1 if Qtr 1, 0 otherwise Qtr 2=1 if Qtr 2,0 otherwise Qtr 4=1 if Qtr 4, 0 otherwise Qtr 3=1 if Qtr 3, 0 otherwise Write down the regression equation obtained 2. Compute the quarterly forecasts for the next year based on the model you developedin part (1) above. 4. Compute the quaterly forecasts for the next year based on the model you developed in part (3) . 5. Is the model you developed in part (2) or the one you developed in part (4) more efective? Justify your answer. 1. Use multiple regression model with dummy variables as follows to account for the seasonal effects in the data as follows Qtr 1=1 if Qtr 1, 0 otherwise Qtr 2=1 if Qtr 2,0 otherwise Qtr 4=1 if Qtr 4, 0 otherwise Qtr 3=1 if Qtr 3, 0 otherwise Write down the regression equation obtained 2. Compute the quarterly forecasts for the next year based on the model you developedin part (1) above. 4. Compute the quaterly forecasts for the next year based on the model you developed in part (3) . 5. Is the model you developed in part (2) or the one you developed in part (4) more efective? Justify your
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