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Forecasting absentee rate. The foreman of a printing shop that has been in business five years is scheduling his workload for next year, and he

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Forecasting absentee rate.

The foreman of a printing shop that has been in business five years is scheduling his workload for next year, and he must estimate the number of employees available for work. He asks the company statistician to forecast next year's absentee rate. Since it is known that quarterly fluctuations exist, the following model is proposed:

y= ?0 + ?1 x1 + ?2 x2 + ?3 x3 + ?

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where y- Absentee rate Total employees absent Total employees X1 1 if quarter 1 ( January - March) 0 if not 1 if quarter 2 ( April - June) 0 if not X3 1 if quarter 3 ( July - September) 0 if not

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