Question
For the prediction equation of a seasonal time series provided here, answer the questions below. The data started at season 3 (t=1 was season 3).
For the prediction equation of a seasonal time series provided here, answer the questions below. The data started at season 3 (t=1 was season 3). Y = 100 - 30*Period - 6*Season2 - 1*Season3 + 5*Season4. The seasonal variables are categorical.
2.1 How many seasons are there per cycle?
a. 4
b. 3
c. Impossible to answer
d. None of the above
2.2 Write the prediction equation for time "t" and season1.
a. 100 - 30*t +(- 6 - 1 + 5) Season1
b. 100 - 30*t - 6*(Not season 2)
c. 100 - 30*t - 1
d. None of the above
2.3 Forecasts for season 2 and 3 are performed within the same cycle. What is the difference between these two fore
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started