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Domestic Car Sales Consider the following multipleregression model of domestic car sales (DCS) where: DCS = domestic car sales DCSP = domestic car sales price
Domestic Car Sales
Consider the following multipleregression model of domestic car sales (DCS) where:
DCS = domestic car sales
DCSP = domestic car sales price (in dollars)
PR = prime rate as a percent (i.e., 10% would be entered as 10)
Q2 = quarter 2 dummy variable
Q3 = quarter 3 dummy variable
Q4 = quarter 4 dummy variable
DCS 2500 2000 1500 1000 500 'DCS Forecast of DCS Fitted Values Multiple Regression - Result Formula DCS = 3,266.66 + ((DCSP) x -0.098297) + ((PR) x -21.17) + ((Q2) x 292.88) + ((Q3) x 149.07) + ((Q4) * -60.25) Audit Trail - ANOVA Table (Multiple Regression Selected) Source of variation SS df MS SEE Regression 1,834, 180.23 5 366,836.05 Error 494,506.47 34 14,544.31 120.60 Total 2,328,686.70 39 For the domestic car sales regression above, assume that: DCSP = $10,000 PR = 10 percent and that it is the first quarter of the year. What will DCS be predicted to be by the regression model? Please keep two decimal placesStep by Step Solution
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