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Consider the following scenario. Senior management wants you to analyze which quarter experiences the highest customer demand, controlling for macroeconomic conditions. You regress sales on

Consider the following scenario. Senior management wants you to analyze which quarter experiences the highest customer demand, controlling for macroeconomic conditions. You regress sales on quarter dummies and a measure of macroeconomic consumer confidence in Stata, and get the following results

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Source SS df MS Number of obs = 48 F (4, 43) = 281.60 Model 33158.0011 4 8289.50028 Prob > F = 0.0000 Residual 1265.78879 43 29.4369486 R-squared 0.9632 Adj R-squared 0.9598 Total 34423.7899 47 732.421062 Root MSE 5. 4256 Sales Coef. Std. Err. t P>| t [95% Conf. Interval] Quarter2 7.38508 2.215254 3.33 0.002 2.917596 11. 85257 Quarter3 60. 06216 2.220939 27.04 0.000 55.58321 64. 54111 Quarter4 51.22804 2.220067 23.07 0.000 46.75085 55.70523 Consumer Sentiment -3.371479 2.588669 -1.30 0.200 -8.592028 1.84907 Cons 12.31175 2.019874 6.10 0.000 8. 238283 16.38521

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