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a) Without Time Year Quarter Sales Q1 Q2 Q3 Time Q3 (43 points) The quarterly sales data for Mama's Pizza in NYC over the past
a) Without Time Year Quarter Sales Q1 Q2 Q3 Time Q3 (43 points) The quarterly sales data for Mama's Pizza in NYC over the past 4 years are shown here. 1453 The columns for dummy variables Q1, Q2, Q3, and time variable are already set up. 703 2389 a) (15 points) Obtain quarterly forecasts for year 5 using a regression model without the Time variable. 2264 b) (15 points) Obtain quarterly forecasts for year 5 using a regression model with the Time variable, 2 1565 c) (10 points) Which model fits the data better? Argue (3 bonus). 771 2664 2124 3 1615 864 2697 2379 4 1737 934 o o o - 2914 2445 16 5
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